Proof wind turbines take thousands off your home: Value of houses within 1.2 miles of large wind farms slashed by 11%, study finds | Mail Online

The presence of wind turbines  near homes has wiped tens of thousands of pounds off their value, according to the first major study into the impact the eyesore structures have on house prices.The study by the London School  of Economics LSE – which looked at more than a million sales of properties close to wind farm sites over a 12-year period – found that values of homes within 1.2  miles of large wind farms were being slashed by about 11 per cent.This means that if such a wind farm were near an average house  in Britain, which now costs almost £250,000, it would lose more than £27,000 in value.

In sought-after rural idylls where property prices are higher, the financial damage is even more substantial…

The study further discovered that even a small wind farm that blighted views would hit house values…

The report’s author, Professor Steve Gibbons, said his research was the first strong evidence that wind farms are harmful to house prices.

continue reading at Proof wind turbines take thousands off your home: Value of houses within 1.2 miles of large wind farms slashed by 11%, study finds | Mail Online.

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