Impact of Wind Farms on House Prices
28 October 2016
ClimateXChange has published a research project looking at the impact of wind farm developments on house prices across Scotland.
The project set out to test whether there is a significant difference in the average house price growth of properties in close proximity to a wind farm compared with properties that are not near a wind farm. The analysis takes into account the dates when individual turbines become operational, taking into account the before and after effects of wind turbine construction.
The study includes data for the whole of mainland Scotland for the time period 1990-2014, and looks at the impact of both single turbines and whole wind farms. The analysis was conducted on postcode averages and using methods that follow individual dwellings over time, as well as the effects of properties having a view of the turbine(s) compared to proximity alone. Natural landscape and built environment have been taken into account when estimating whether an individual dwelling can see a wind farm or individual wind turbine.