Living next door to a wind turbine reduces the price of one’s property. It claims Danish researchers.
Researchers at the University of Copenhagen has put numbers on how wind farms affect the selling price of estates nearby. They have analyzed 12,640 real estate business in Denmark from 2000 to 2011. Their conclusion is noise as well as the view of a wind turbine reduces the price.
It is enough that a wind turbine can be seen in the horizon 2.5 km away to the sale price to fall by three percent. For every 100 meters spinner gets closer as the price drops further 0.25 percent. Noise impairs also the price – the higher the noise level, the higher the price drops. Facing the noise in the range of 20 to 29 dB lowered the price by three percent, it lies between 40 and 50 dB, so the price falls by nearly seven percent, according to the researchers.
– The study shows not mean we should stop building wind turbines, but it helps us to think that we place them in the best possible way, says researcher Toke Emil Panduro in a statement.
The group has published their results in the scientific article in Land Economics
Scientists in other countries have had different results when they studied the pinwheels and house prices. German scientists struck last summer concluded that homes in attractive locations along the North and Baltic coasts have risen sharply in price, despite the vast expansion of wind power.
In 2010, the consulting company ÅF is a study commissioned by the Swedish wind energy. The report analyzed approximately 42,000 sales of houses within five km radius of 120 new wind power plants in operation were from 2001 and 2007. The conclusion was that there was no general correlation between proximity to wind turbines and lower prices for villas and holiday homes.
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