Power Lines, Visual Encumbrance and House Values: A Microspatial Approach to Impact Measurement

Francois Des Rosiers ()
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Francois Des Rosiers: Laval University, Canada

Journal of Real Estate Research, 2002, vol. 23, issue 3, pages 275-302

Abstract: This research looks at the impact of high-voltage transmission lines (HVTL) on surrounding property values, using a microspatial approach. It is based on a sample of 507 single-family houses sold over the 1991–96 period in the City of Brossard, in the Greater Montreal area, Canada. Findings suggest that although severe visual encumbrance due to a direct view on a pylon or conductors does exert a significantly negative impact on property prices with depreciations ranging from 5% to well in excess of 20%, being adjacent to the easement will not necessarily cause a house to depreciate and may even increase its value in similar proportions where proximity advantages exceed drawbacks.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2002
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