Modelling the Impact of Wind Farms on House Prices in the UK

• Authors: Sally Sims , Peter Dent , G. Reza Oskrochi

Title variants

LT

Vėjo Jėgainių Poveikio Namų Kainoms Jungtinėje Karalystėje Modeliavimas

Abstracts

EN

This paper discusses the findings from a UK study to determine the likely impact of a wind farm on house prices using a hedonic pricing model. The Government's commitment to wind power has resulted in a massive increase in the number of wind farms sited in the UK. This has led to concerns that their visual and aural presence could have a negative impact on proximate house prices. This paper presents an analysis of 201 sales transactions from houses situated within half a mile of a 16 turbine wind farm in Cornwall, UK. Whilst no causal link was established between the presence of the wind farm and house price, there was some evidence to suggest that both noise and flicker from the turbine blades could blight certain property and that the view of countryside enjoyed by the occupier had some value which may be affected by a wind farm.

LT

Šiame darbe aptariami JK atlikto tyrimo rezultatai, kuriuo, taikant hedonistinį kainų modelį, siekta nustatyti galimą vėjo jėgainių poveikį namų kainoms. Vyriausybės parama vėjo energijai paskatino naujo elemento, vėjo jėgainės, atsiradimą aplinkoje; susirūpinta, ar vėjo jėgainių vaizdas ir garsas galėtų neigiamai paveikti namų kainas. Šiame darbe nagrinėjamas 201 prekybinis sandoris, susijęs su namais, pusę mylios nutolusiais nuo Bears Down, Kornvalyje (JK), esančio 16 vėjo jėgainių ūkio. Nors priežastinis ryšys tarp vėjo jėgainių ir namų kainos nepastebėtas, yra įrodymų, kad jėgainės keliamas triukšmas ir menčių mirgėjimas kai kuriems nekilnojamojo turto objektams galėtų pakenkti ir kad gyventojui patikęs kaimo vaizdas gali tapti nebepatrauklus.

Keywords

EN

Property stigma; Residential values; Wind-power; Renewable energy; Hedonic

• Publisher: Sciendo
• Journal: International Journal of Strategic Property Management
• Year: 2008
• Volume: 12
• Issue: 4
• Pages: 251-269

Contributors

author

Sally Sims

• Department of Real Estate and Construction, School of the Built Environment, Oxford Brookes University, Headington, Oxford, UK

author

Peter Dent

• Department of Real Estate and Construction, School of the Built Environment, Oxford Brookes University, Headington, Oxford, UK

author

G. Reza Oskrochi

• Department of Mathematical Sciences, School of Technology, Oxford Brookes University, Wheatley, Oxford, UK

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Identifiers

DOI

10.3846/1648-715X.2008.12.251-269