GBA Logo horizontal Facebook LinkedIn Email Pinterest Twitter Instagram YouTube Icon Navigation Search Icon Main Search Icon Video Play Icon Audio Play Icon Headphones Icon Plus Icon Minus Icon Check Icon Print Icon Picture icon Single Arrow Icon Double Arrow Icon Hamburger Icon TV Icon Close Icon Sorted Hamburger/Search Icon
Green Building News

Wind Farm Leaves Property Values Unscathed

In one recent study, researchers in Canada reviewed more than 7,000 property sales before arriving at their conclusion

Wind turbines are ugly to some critics but they don't degrade property values very much, a study of real estate sales in Ontario found.

After studying thousands of real estate transactions over nearly a decade, researchers in Ontario, Canada, have concluded wind farms have very little impact on property values.

In a report posted earlier this month, The Canadian Press said the authors themselves found the results somewhat surprising, “given the public outcry regarding the construction of these turbines.”

Researchers from the University of Guelph studied more than 7,000 home and farm sales between 2002 and 2010 in Melancthon Township, where 133 wind turbines were erected between 2005 and 2008, and 10 surrounding towns, the article says.

“These turbines have not impacted the value of surrounding properties,” co-authors Richard Vyn and Ryan McCullough said. “Further, the nature of the results, which indicate a lack of significant effects, is similar across both rural residential properties and farm properties.”

The study was published in the September issue of the Canadian Journal of Agricultural Economics.

The Canadian Press spoke with Dave Launchbury, a real estate agent in the area, who said many potential buyers won’t look at properties that are close to wind turbines. Properties located near turbines, he said, sell for at least 10 percent less than similar properties elsewhere.

But those perceptions didn’t hold up in the review.

The full text of the article is available online, but it’s behind a pay wall. If you want to read it, you can rent it for 48 hours for $6.

To read about two similar studies, see:

0 Comments

Log in or create an account to post a comment.

Related

Community

Recent Questions and Replies

  • |
  • |
  • |
  • |