29 Mar '14, 8am

Property prices unaffected by windfarms, says CEBR + | using @LandRegGov pr…

A new study by the Centre for Economics and Business Research (Cebr) and RenewableUK has found that the presence of wind farms has no significant effect on average local property prices within 5km of the site. Cebr and RenewableUK examined data covering more than 82,000 property transactions, all within a 5 kilometre radius of 7 wind farms throughout England and Wales, typically covering areas of 79 square kilometres per site. Using Land Registry data from 1995 to 2013, the report is one of the first in-depth investigations in the UK into whether house prices were affected at every key stage of the development – from before plans to build a wind farm were announced, throughout the construction process, into the years after construction was completed. The study found that local house prices in areas where there are wind farms continued to perform as would have been expected...

Full article: http://www.renewableuk.com/en/news/press-releases.cfm/new...

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