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Capitalisation of onshore wind turbines on property prices in Sweden: The need to compensate for negative externalities
Summary by National Wind Watch
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1 Articles
Capitalisation of onshore wind turbines on property prices in Sweden: The need to compensate for negative externalities
Abstract: Due to, for example, disturbing sound and deteriorated scenery, wind turbines might constitute a negative externality. By using a revealed preference method, we examine the impact of onshore wind turbines on property values in Sweden, analysing over 600,000 real estate transactions from 2005 to 2018. We find that wind turbines are built in areas with lower prices in general (as they are built outside population centres), that property …
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