Windfarms can reduce house prices by up to 12%, says LSE

Findings contrast with earlier study and will fan homeowners' demands for compensation when windfarms are approved

Large windfarms can knock as much as 12% off the values of homes within a 2km radius, and reduce property prices as far as 14km away, according to research by the London School of Economics. The findings contrast sharply with a report by the Centre for Economics and Business Research in March, which found no negative impact on property prices within a 5km radius of a turbine.

The LSE findings will fan demands by homeowners for compensation when windfarm developments are given the go-ahead. Currently, windfarm operators pay rent on the land they occupy and make contributions to community causes, but are under no legal obligation to compensate homeowners for loss of value.

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View full post on Wind power | The Guardian

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