Sign up for the Ørsted Newsletter
  1. Home
  2. Insights
  3. The fact file

Do wind farms impact property value?

 

Offshore wind farms are generally located far out at sea with very little impact on the view. In these cases, studies reveal that offshore wind has little to no influence on property prices.

Question:

Do coastal properties lose value with an offshore wind farm nearby?
Fact:

Studies have found that property prices are generally not affected by offshore wind farms located far out at sea.

Study finds property prices unaffected by offshore wind

In 2018, a large-scale study analysed the impact of onshore and offshore wind turbines on the value of nearby residential and vacation properties in Denmark, a country that has had offshore wind for 30 years.1

It concluded that having an ocean view including a wind farm had no significant impact on property prices, in comparison to one without a wind farm.

Wind farms do not impact property values, even when close to the shore
Sources
1) Jensen et al., 2018, The impact of on-shore and off-shore wind turbine farms on property prices

Discover more