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Towers, Turbines and Transmission Lines: Impacts on Property Value (Hardback)
  • Towers, Turbines and Transmission Lines: Impacts on Property Value (Hardback)

Towers, Turbines and Transmission Lines: Impacts on Property Value (Hardback)

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Hardback Published: 16/04/2013
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From the Foreword by Dr Valmond Ghyoot, Emeritus Professor ofReal Estate, University of South Africa: The valuation profession, the legal profession, propertyindustry participants in general and students will welcomepublication of this book. Investors, environmental groups andaffected property owners will find essential information for use intheir decision-making, development objections and claims. My hopeis that [it] will provide answers where required and that it willhelp to improve the professional standard of valuations andappraisals internationally. I trust that it will also raise thestandard of testimony in damages cases. If so, the editors andcontributors will have succeeded in documenting the state of theart in this relatively unexplored terrain. As a reference source, this book will help quantify the negativeimpacts on property values of high voltage overhead transmissionlines, cell phone towers, and wind turbines. It gives a modernperspective of the concerns property owners have about the sitingof industrial structures used to transmit or generate various formsof energy and how these concerns impact on property values.

Studies reveal concerns the public have about devices andstructures that emit electromagnetic fields (EMFs) due to theirpotential health hazards. . Despite some research reportssuggesting there are no potential adverse health hazards from highvoltage overhead transmission lines (HVOTLs) and towers, there isstill on-going concern about the siting of these structures due tofears of health risks from exposure to EMFs, changes inneighbourhood aesthetics and loss in property values. The siting ofwind turbines is also receiving community opposition due to noise,light flicker, aesthetic concerns, and loss in property values. Theextent to which such attitudes are reflected in lower propertyvalues is not well understood.

Towers, Turbines and Transmission Lines: Impacts on PropertyValue outlines results of studies conducted in the US, the UK,Australia and New Zealand and offers guidance to valuers as well asto property/real estate appraisal students and property ownersaround the world. The book provides defensible tools that arebecoming widely accepted to assess the effect that theseenvironmental detriments have on property prices.

Publisher: John Wiley and Sons Ltd
ISBN: 9781444330076

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