Wind Farms Revealed Officially to Reduce Property Prices

Property Surveying – The Valuation Agency Office (VAO), a subsidiery of Revenue & Customs, has recently revealed that it has down-graded council tax bands for a number of homes situated near clusters of wind farms. The reason is that the values of these homes have been forced markedly down by the presence of the turbines, in some cases, for example at Fullabrook Down in North Devon, by as much as a quarter of the total value even as far as 650 yards away from the installation.

A Halifax survey, however, found that the most prolific reducer of value is actualy noisy neighbours, with 17 per cent of homeowners affected by this issue to the tune of an average £31,000 reduction.

For advice on your property’s value, find your local surveyor here.