Influence of onshore wind turbines on land values

Einfluss von Onshore-Windenergieanlagen auf den Grundstückswert

Jan von Detten, Johann V. Seebaß, Jan C. Schlüter and Florian Hackelberg ()
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Jan von Detten: HAWK University of Applied Sciences and Arts
Johann V. Seebaß: Max-Planck-Institute for Dynamics and Self-Organization
Jan C. Schlüter: Max-Planck-Institute for Dynamics and Self-Organization
Florian Hackelberg: HAWK University of Applied Sciences and Arts

Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), 2023, vol. 9, issue 1, No 3, 63-80

Abstract: Abstract The economic consequences of wind turbines on property prices and land values are a widely discussed political and social issue. In this study, in addition to the previous research on the impact of wind turbines on property prices, the influence of wind turbines on standard land values was examined for the first time. The study thus provides new insights, particularly with regard to the debate on distance areas and financial compensation payments for residents. The chosen investigated area is located in Northern Germany and comprises three coastal districts in the state Schleswig-Holstein with a total of 1382 land zones and a high density of wind turbines. Using ordinary least squares models, the significant influence of wind turbines on the standard land values could be shown within a radius of up to 9 km. Using an exemplary municipality for the study area, an average change in the standard land value of 7.33% per 1000 m distance could be determined. Overall, the standard land values of less densely populated areas were affected more than urban areas.

Keywords: Wind turbines; Property prices; Standard land values; Financial compensation payments (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1365/s41056-023-00067-5

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