Property value study “confirms the obvious”

Here in a letter to the Editor of the Western Morning News in the UK, a comment on the recent announcement that a study about to be released by a professor at the London School of Economics, shows property value loss for properties near wind power generation facilities. In other words, well, duh….

WMN Letters: Wind farm study confirms the obvious

By Western Morning News  |  Posted: February 03, 2014
Comments (0) A recent study by the London School of Economics (to be published during February this year), which looked at 150 wind farms across England and Wales over a period of 12 years, has clearly shown that wind generators reduce the value of homes.
The study found that homes within 1.2 miles of a large wind farm had their values reduced by about 11%. Indeed, near the Little Cheyne Court Wind Farm in Romney Marsh (where homes cost near to £1 million), house values could drop by more than £100,000 – the study found that even a small wind farm that blighted views would hit house prices!
So when the policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics said the results are not really surprising, you have to wonder what planet these people are on.
Surely older generations with their ‘good old common sense’ would have wondered why a study is needed to prove the ‘blindingly obvious’.
by Dave Haskell

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