Do wind turbines affect property values?

The County Coalition for safe and appropriate Green Energy website has an informative post on property valuation

Do wind turbines affect property values? CCSAGE pec wind turbine news #1 source:

…some real estate agents report that they can’t even get prospective purchasers to look at properties situated within several kilometres of a proposed wind project.

Consider your own situation. Would you buy such a property — at the right price or at any price, or would you look elsewhere? In an October, 2011 CBC News poll, two-thirds of respondents said that they would not live near wind turbines.

When there are few potential purchasers, market values become depressed, perhaps severely. The general consensus is that the market value of a home within 2 km of a wind turbine will be depressed by 20% to 40%, depending on how close and how many turbines. In an extreme situation (e.g. 10 turbines within 2 km) a home may not be sellable at any price.

[This link] provides further links to more than 50 articles on property values near wind turbines, including several on the topic of market value guarantees…

However, if you only have time to read one article, it should be this one, published by CBC News on October 1, 2011 and titled Ontario wind power bringing down property values .

Read the entire entry at CCSAGE pec wind turbine news #1 source

Leave a comment

name*

email* (not published)

website