We have already got electricity pylons, solar farms and wind farms.
But what will fracking do to local house prices? Will prospective purchasers be put off? Could fracking blight neighbourhoods, or simply hit prices for a while?
These may be unanswerable questions – but only for the time being. The Government’s quest for alternative energy sources is set to continue.
Recently, the Advertising Standards Authority banned a campaign leaflet which said that a wind farm would lower house prices, saying that there was no evidence that this would happen.
Whether it will reach the same conclusion when, almost inevitably, a campaign leaflet is issued against fracking for shale gas and is put before the ASA , is also not yet known.
As for pylons – we haven’t seen anything yet. A new Euro-electric link will result in 70 new pylons across the Kent countryside that will each be the height of 11 double-decker buses.
In today’s blog, Marshall King of property information company Searchflow takes a factual look at how the quest for new power sources is shaping up across the UK.
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Comments
"when a campaign leaflet is issued against fracking for shale gas"??
LOL - there have been several.
As to housing blight possibilities
“Out-of-town buyers are being put off properties by the threat of shale gas drilling – and that could see house prices fall. … I’m worried it could have a negative impact on house prices and the desirability of Fylde“ – Justin Allitt – Allitt’s
"There are a lot of properties coming on to the market, and some of the owners are saying they want to get out before prices start dropping.” John Johnson - Farrell Heyworth
“Fracking would affect house prices, blighting properties in the areas perceived to be affected.” Richard Sexton – Esurv - UK's biggest provider of residential valuation services
“Fracking could have an impact on the long-term desirability of an area and house prices” - Kevin Webb, technical director, Legal & General Surveying Service
Estate agent Richard Wilson said “fracking would definitely impact on property prices in the area.”
The US experience reported by Daily Mail showed a 24%
drop in value for houses near fracking wells which had their own wells (like 11% do in Cuadrilla's North West licence area)