Do Wind Turbines’ Impact UK Home Prices?

By: Desislava Yunakova
Desislava Yunakova
Desi was one of our financial journalist trainee, someone who's now moved on to be a Strategic Analyst at… read more.
on Aug 26, 2013 Monday, August 26th: An official report investigating the effects of energy infrastructure, especially wind turbines, on property prices in the countryside has been commissioned by Owen Paterson, the Environment Secretary, the ENDS Report has revealed.

The report, looking into onshore and offshore wind, overhead power lines, shale gas, anaerobic digestion plants and nuclear power plants, has been commissioned to Frontier Economics, a consultancy company, for Paterson’s Department for Food, Environment and Rural Affairs (Defra). Frontier Economics is due to report its findings by September 4.
The Daily Telegraph quoted coalition sources as saying that the Department of Energy and Climate Change (DECC), run by Ed Davey from the Liberal Democrats, was trying to block the report on concerns that it might show wind turbines drive down property prices. Opponents of wind farms state that the report is “highly likely” to show that wind turbines decrease the value of nearby home prices.

The Daily Telegraph quoted Chris Heaton-Harris, the Conservative MP for Daventry, as saying: “I would expect there to be billions of pounds of planning blight because of wind turbines close to properties.” He claimed that wind turbines have caused the home of one of his constituents to lose £250,000 of its previous £700,000 price.
The dispute between Defra and DECC is part of a series of Coalition rows over wind turbines. The problems stem from the fact that wind turbines must be located in rural areas with enough wind power to make the projects feasible. However, these are also areas of beautiful homes with matching scenery, which is harmed by the fields of massive turbines.

!m[Defra Commissions Report into Whether Rural Homes Lose Value on Wind Turbines](/uploads/story/5070/thumbs/pic1_inline.jpg)
Mr. Davey rejected the claims that DECC is hampering the report in a letter to The Daily Telegraph last Thursday. He also stated that “the Government is committed to moving to a secure, affordable, low carbon energy system, without excessively relying on any single technology.”

The Government emphasised that the report was a joint project between DECC and Defra. A Defra spokesman added: “It is our role to rural-proof policy. We need to ensure that energy is generated in a way that is sustainable.”
This report is part of a wider cross-government study into the impact of renewable energy technologies on the countryside and rural economy.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
67% of retail CFD accounts lose money