A newly published report by independent research firm CEBR finds no evidence of house prices being negatively impacted by wind farms within a 5km radius. The report draws its conclusions from analysis of 82,000 transactions over the past 20 years.
RenewableUK chief executive Maria McCaffery said
“At last we have a detailed independent analysis into what actually happens to property prices before, during and after windfarms are constructed, over a period of nearly 20 years. This shows that claims that windfarms might have a negative effect on house prices are unfounded”
Previous reports from RICS said there was no definitive evidence for negative impacts in the UK and minimal impacts in the US while the LSE claimed an average of 5-6% reduction for properties within 2km of a wind farm.
There still appears to be no evidence that a single community-scale turbine can cause a noticeable reduction and as ever prices will generally continue to move with more dominant issues of the economy and public confidence.
Meanwhile, building society Nationwide’s latest house price index showed UK prices have increased by 10.9% in the past 12 months, to an average of £183,577. The monthly rate of growth picked up, with a rise of 1.2% following March’s 0.5% increase and the annual rate of inflation is now the biggest rise since June 2007