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Thursday, August 15, 2019

Wind turbines knock down nearby property values

Wind turbines 
are an eyesore.

And an expensive,
unreliable source of power.

The blades are bird and bat
shredders, and are noisy too.

The very large diameter blade
models produce infrasound
that travels for mile.

Some people are very susceptible
to infrasound, including me!

My last article on wind turbine 
infrasound is here:











PROPERTY  VALUE  STUDY:
SUMMARY:
The Germany-based 
RWI Leibniz Institute 
for Economic Research 
shows that wind turbines 
can lead to falling prices 
for nearby homes.

The value of a house 
one kilometer away 
from a wind turbine 
drops an average 
of -7% percent. 

At a distance of eight to nine 
kilometers, wind turbines 
no longer have any effect 
on property prices.

Old houses in rural areas 
are hardest hit -- the loss 
in value within the 
one-kilometer radius 
can amount to -23%.

Houses on outskirts 
of cities are different
-- they hardly lose value 
at the same distance 
from a wind turbine. 

Perhaps disturbances 
of the landscape,
and the turbine noise,
are less noticeable there, 
than in rural areas.



DETAILS:
RWI evaluated almost 
3 million sales offers 
on the Immoscout24 
online portal between 
2007 and 2015. 

The effects 
on real estate prices 
were estimated using 
a hedonic price model 
that takes into account 
the exact distance 
between the wind turbines 
and the single-family houses 
in question, as well as 
many properties 
of the houses, 
and their 
socio-economic 

environment.