Gone with the wind

Stephen Gibbons

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: 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.

Keywords: Housing prices; environment; wind farms; infrastructure (search for similar items in EconPapers)
JEL-codes: Q R (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-ene, nep-env and nep-ure
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:433

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