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Wind turbines hurt property prices, study finds  

Credit:  21 Jan 2019, Benjamin Wehrmann, cleanenergywire.org ~~

German homeowners could see the value of their property fall if wind turbines are built in their vicinity, according to a study by research institute RWI. The value of a one-family house falls by an average of 7 percent when a wind turbine begins operation within 1 kilometre of the property, RWI estimates, based on a review of close to 3 million offers on an online real estate website. The effect disappears at a distance of 8 to 9 kilometres, RWI says, adding that the drop in value is down to potential noise pollution and the turbines’ aesthetic impact on the landscape. The study found that the value of older houses in rural areas dropped by up to 23 percent, while almost no devaluation was observed for houses built on the outskirts of larger towns. “Wind power may be important for the success of the energy transition but implications for property owners can be severe in some cases,” RWI researcher Manuel Fronde said.

Several regional governments in Germany have imposed strict minimum distances from residential areas for new onshore wind turbines, but critics argue this could pose a significant challenge to meeting the country’s renewable power targets. According to a study commissioned by WWF in October 2018, available land will become become “the new currency” of Germany’s energy transition.

Source:  21 Jan 2019, Benjamin Wehrmann, cleanenergywire.org

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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