Secret Wind Farm Report Into House Prices
An official report at the centre of a Coalition row over renewable energy will disclose for the first time the impact of wind farms on rural house prices.
Owen Paterson, the Environment Secretary, has commissioned a consultancy to investigate whether renewable technologies – including wind turbines – lower house prices in the countryside.
Mr Paterson has made clear that he intends to make the document public as soon as it is completed.
It has emerged that a significant focus of the report will be the financial impact of wind farms upon the value of neighbouring properties.
Opponents of wind farms claim it is “highly likely” that the report will reveal that turbines in rural areas will detract from the value of nearby homes.
The consultancy company, Frontier Economics, has been asked by Defra to calculate how house prices will be affected by a series of energy projects across Britain. It has been asked to look at onshore and offshore wind, overhead power lines, shale gas, anaerobic digestion plants and nuclear power plants.
The remit of the report states that it “aims to determine whether [energy projects] have a significant impact on the prices of houses nearby and, if so, compare how that impact differs between different types”.
It will feed into Mr Paterson’s final report on how renewables affect the countryside and the rural economy.
Chris Heaton-Harris, the Conservative MP for Daventry, said: “Wind farms definitely affect house prices and it is highly likely that this report will come to that conclusion.
“I would expect there to be billions of pounds of planning blight because of wind turbines close to properties.”
“While this is unsurprising, it will all unravel in the end and I’m sure the evidence will come out soon that proves a number of these points correct.”
He said that one of his constituents had seen the value of their £700,000 property fall by £250,000 because of approved plans for a wind turbine.