As a reference source, this book will help quantify the negative impacts on property values of high voltage overhead transmission lines, cell phone towers, and wind turbines. It gives a modern perspective of the concerns property owners have about the siting of industrial structures used to transmit or generate various forms of energy and how these concerns impact on property values.
Studies reveal concerns the public have about devices and structures that emit electromagnetic fields (EMFs) due to their potential health hazards. Despite some research reports suggesting there are no potential adverse health hazards from high voltage overhead transmission lines (HVOTLs) and towers, there is still on-going concern about the siting of these structures due to fears of health risks from exposure to EMFs, changes in neighbourhood aesthetics and loss in property values. The siting of wind turbines is also receiving community opposition due to noise, light flicker, aesthetic concerns, and loss in property values. The extent to which such attitudes are reflected in lower property values is not well understood.
Towers, Turbines and Transmission Lines: impacts on property value outlines results of studies conducted in the US, the UK, Australia and New Zealand and offers guidance to valuers as well as to property/real estate appraisal students and property owners around the world. The book provides defensible tools that are becoming widely accepted to assess the effect that these environmental detriments have on property prices.
Contents
Chapter 1 Introduction
- 1.1 Valuation and Environmental Attributes
- 1.2 Risk and Stigma
- 1.3 Media Impact
- 1.4 Methodologies
- 1.5 Book Structure
Chapter 2 Methods
- 2.1 Introduction
- 2.2 Sales Comparison Method
- 2.3 Regression Analysis
- 2.4 Hedonic Modelling
- 2.5 Spatial Hedonic Modelling
- 2.6 Qualitative Analysis
- 2.7 Triangulation
- 2.8 Conclusions
Chapter 3 Risk Perception, Stigma and Behaviour
- 3.1 Introduction
- 3.2 Risk and its Perception
- 3.3 Risk Communication
- 3.4 Risk Behaviour
- 3.5 Perception and Risk Management
- 3.6 Property Advice
- 3.7 Property-related Stigma
- 3.8 Assessing Stigma
- 3.9 Property Behavioural Research
- 3.10 Conclusions
Part I High-voltage Overhead Transmission Lines (HVOTLs) and House Prices
- Introduction
- I.1 Introduction
- I.2 Residential Property Values near HVOTLs
Chapter 4 HVOTLs in the UK
- 4.1 Introduction
- 4.2 Existing Research
- 4.3 Barriers to Research in the UK
- 4.4 Value Impacts in the UK
- 4.5 Conclusions
- 4.6 Additional Research
Chapter 5 HVOTLs in New Zealand
- 5.1 Introduction: Electricity Distribution and Planning Guidelines
- 5.2 Health Concerns Relating to Proximity of HVOTLs Which Affect Value
- 5.3 Background to the NZ Research
- 5.4 Literature Review
- 5.5 Case Study Description
- 5.6 Market Analysis using a Hedonic Housing Model
- 5.7 An Attitudinal Study of Residents’ Perceptions
- 5.8 Summary and Conclusions
- Chapter 6 A Review of HVOTL Studies in North America
- David Wyman and Elaine Worzala
- 6.1 A Review of Existing Research
- 6.2 Hedonic Studies in the USA
- 6.3 Conclusion
- Summary
Part II Cell Phone Towers
- Introduction
- II.1 Introduction
- II.2 Cellular Phone Systems
- II.3 History
- II.4 Siting Issues and Public Concerns
Chapter 7 Cell Phone Towers in New Zealand
- 7.1 Introduction
- 7.2 Review of Existing research
- 7.3 New Zealand Case Study
- 7.4 Research Procedure: Opinion Survey
- 7.5 Research Procedure: Market Study
- 7.6 Summary and Conclusions
Chapter 8 Cell Phone Towers in North America
- 8.1 Introduction
- 8.2 Locating Cell Sites in the USA
- 8.3 Case Study Area and Data
- 8.4 Research
- 8.5 Summary and Conclusions
Chapter 9 Cell Phone Towers in the UK
- 9.1 Introduction
- 9.2 Types of Cell Towers
- 9.3 Planning Considerations
- 9.4 Developing a Framework to Establish the Impact on Value
- 9.5 UK Research
- 9.6 European Study
- 9.7 Conclusions
- Summary
Part III Wind Farms
- Introduction
- III.1 Wind Energy
- III.2 Cost of Building Turbines and Generating Energy from the Wind
- III.3 Land Use
- III.4 The Growth of Wind Energy
- III.5 Planning and Development
- III.6 Barriers to Development
- III.7 The Need for Research
Chapter 10 Wind Farms in the UK
- 10.1 Introduction
- 10.2 The Growth of Wind Energy in the UK
- 10.3 Existing Research
- 10.4 Proposal Objections: Case Studies
- 10.5 Valuation Research: Cornwall Case Studies
- 10.6 Conclusions 238
Chapter 11 Wind Farms in North America
- 11.1 Introduction
- 11.2 Previous Research
- 11.3 Present Research
- 11.4 Robustness Tests
- 11.5 Conclusions
Chapter 12 Wind Farms in Australia and New Zealand
- 12.1 Introduction
- 12.2 Existing Research
- 12.3 Methodology
- 12.4 Survey Results
- 12.5 Summary and Conclusions
- Summary
Chapter 13 Conclusion
- 13.1 Introductory Section (Chapters 1–3)
- 13.2 Part I (Chapters 4–6)
- 13.3 Part II (Chapters 7–9)
- 13.4 Part III (Chapters 10–12)
- 13.5 Concluding Remarks
- Index
About the Authors
- Dr Sandy Bond is the Professor of Property Studies in the Commerce Faculty at Lincoln University in Christchurch, New Zealand. She is a Registered Property Valuer and Senior Member of the Property Institute of New Zealand (SPINZ), the President-elect (2013) of the International Real Estate Society and a Past President of the Pacific Rim Real Estate Society (PRRES). She has lived and worked in NZ, the USA, UK, and Australia and her career has encompassed property valuation, valuation consultation, academic research and university teaching.
- Dr Sally Sims is a senior lecturer in the Department of Real Estate and Construction at Oxford Brookes University. She was a Member of the Stakeholders Advisory Group on EMF and is a member of the Editorial Advisory Board for the International Journal of Housing Markets and Analysis.
- Peter Dent is a Fellow of the Royal Institution of Chartered Surveyors. He has held various posts at Oxford Brookes University, most recently as the Comerford Climate Change Fellow in the Department of Real Estate and Construction. He has had considerable experience of managing both academic development and research projects both in the UK and overseas.
Book Details
- Hardcover: 352 pages
- Publisher: Wiley-Blackwell; 1 edition (May 13, 2013)
- Language: English
- ISBN-10: 1444330071
- ISBN-13: 978-1444330076
- Product Dimensions: 9.7 x 6.7 x 0.9 inches
- List Price: $129.99