In brief... Fear of fracking: the impact on UK house prices

Stephen Gibbons, Stephan Heblich, Esther Lho and Christopher Timmins

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

Abstract: Shale gas offers the prospect of a low-cost energy future - but does extracting it invoke anxieties about the possibility of environmental catastrophe among local residents? Research by Steve Gibbons and colleagues detects a distinct 'fear of fracking', as indicated by falling house prices in the one part of the country where exploratory drilling has taken place. Their study finds that house prices fell by up to 5% in the months after fracking triggered minor earthquakes. Compensation to local communities for the 'psychological costs' of fracking could be very costly.

Keywords: shale gas; fracturing; property valuation; housing prices; consumer expectation; hedonic price; united kingdom (search for similar items in EconPapers)
JEL-codes: Q42 Q5 Q51 (search for similar items in EconPapers)
Date: 2016-12
New Economics Papers: this item is included in nep-ene
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cep.lse.ac.uk/pubs/download/cp487.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:487

Access Statistics for this paper

More papers in CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE
Bibliographic data for series maintained by ().