Research on U.S properties with a view of Wolfe Island wind turbines showed an overall property value loss of 15 per cent for homes “with a view” of the turbines.
Dec 6 2018 | ottawawindconcerns
Using research completed recently by a land economist with the University of Guelph and published in Land Economics, Wind Concerns calculates that overall, the property loss for houses within 5 km of the 33 planned turbines could be $87.8 million. Using other research that is less conservative, however, the property value loss could be more than $140 million.
Research done in 2016 by the partnership of Clarkson University and Nanos Research on U.S properties with a view of Wolfe Island wind turbines showed an overall property value loss of 15 per cent for homes “with a view” of the turbines. Older research done by Ontario real estate appraiser Ben Lansink in 2012 found a more dramatic reduction for properties closest to turbines, an average loss of 37 per cent.
Reposted from Wind Concerns Ontario December 5, 2018 www.windconcernsontario.ca
Richard Vyn, “Property Value Impacts of Wind Turbines and the Influence of Attitudes toward Wind Energy”, Land Economics. http://le.uwpress.org/content/94/4/496.abstract?etoc