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Wind farms can ’cause property price fall’
Credit: By Plymouth Herald | Posted: January 07, 2014 | www.plymouthherald.co.uk ~~
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Translate: FROM English | TO English
Homes close to wind farms have lost up to a third of their value, an MP has claimed as the Government considers paying compensation if developments cause a property price plunge.
Geoffrey Cox, Conservative MP for West Devon and Torridge, said constituents have been told by estate agents their homes are worth “significantly less” thanks to giant turbines, and that it is an “injustice” they lose out while developers and land owners potentially pocket millions.
This year, Mr Cox issued a blanket objection to all new commercial wind farms after proposals for scores of turbines have pushed parts of rural areas to “tipping point”. Meanwhile, Planning Minister Nick Boles has proposed direct compensation for lost property value thanks to developments such as turbines, but also nuclear power stations, rail links and factories. The minister is eyeing a pilot scheme in the coming months.
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