Wind farms reduce house prices in postcodes where the turbines are visible, according to research by Steve Gibbons. Households are willing to pay #1,000 a year to avoid a large wind farm visible within 2km. His study notes that wind turbines are generally popular as a source of green energy but they face considerable opposition from the people who have to live near them. He uses local property markets as a way to value the visual impact of `wind farms? and finds significant negative effects on house prices in postcodes where the turbines are visible.

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3 October 2014     Paper Number CEPCP433

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This CentrePiece article is published under the centre's Urban programme, Neighbourhoods programme.

This publication comes under the following theme: Housing