Property prices

Fact: in 2004 a survey was carried out amongst its members by the Royal Institute of Chartered Surveyors: 60% of the sample suggested that wind farms decrease the value of residential properties where the development is within view and 67% indicated that the negative impact on property prices starts when a planning application to erect a wind farm is made’.
In 2007 the RICS took a look at a number of small developments in Cornwall. Though more positive, this latest report still states that there is ‘a significant impact on properties located within a mile of a Wind Farm,’ even in the case of very much smaller developments than the ones currently planned in Mid-Wales. The report suggests ‘that wind farm developers themselves are avoiding the problem by locating their developments in places where the impact is minimized, carefully choosing their sites to avoid any negative impact on the locality’. This may have been the case in Cornwall, but with regard to the massive developments in Ceredigion and Powys it is hard to avoid the impression that developers and consultants are going out of their way to try and maximize the impact on the area by choosing locations of 1 km and closer from residential properties and by even going beyond their allocated TAN 8 boundaries!