Banks Refuse to Lend for Properties Neighbouring Wind Farms

Have you heard that industrial wind sites do NOT DEcrease property values? This blog post will make you reconsider that rumor…

STOP THESE THINGS

mortgage Giant fans next door? No deal …

Wherever giant fans have gone up – or are threatened to go up – neighbouring homeowners are finding that the value of their properties is being slashed in half – if they can find a willing buyer at all.

Scottish real estate agents trying to sell homes situated anywhere near giant fans are finding the task almost impossible, one of them, Iain Robb stating that:

“Properties next to sites where a planning application for a windfarm has been lodged are virtually unsellable.” (see our post here)

A while back we covered a report on the impact giant fans have on Australian rural property prices – put together by highly experienced property valuer, Peter Reardon. Reardon compiled a 30-page dossier on the impacts of wind farms on adjoining or nearby rural farms and found that having fans as neighbours led to discounts…

View original post 976 more words

Advertisements