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High-voltage Overhead Power Lines and Property Values: A Residential Study in the UK

Author

Listed:
  • Sally Sims

    (Department of Real Estate and Construction, School of the Built Environment, Oxford Brookes University, Headington, Oxford, UK, ssims@brookes.ac.uk)

  • Peter Dent

    (Department of Real Estate and Construction, School of the Built Environment, Oxford Brookes University, Headington, Oxford, UK, prdent@brookes.ac.uk.)

Abstract

The effect of electricity distribution equipment, in particular high-voltage overhead transmission lines (HVOTLs), on the value of residential property in England remains relatively unexplored due, in part, to the lack of available transaction data for analysis. This paper compares the results of two UK studies undertaken by the authors. The first is a national survey of property valuers' perceptions (Chartered Surveyors and members of the National Association of Estate Agents) of the presence of distribution equipment in close proximity to residential property. The results from this study are then compared with an analysis of transaction data from a case study in Scotland. This paper presents the initial findings from these studies.

Suggested Citation

  • Sally Sims & Peter Dent, 2005. "High-voltage Overhead Power Lines and Property Values: A Residential Study in the UK," Urban Studies, Urban Studies Journal Limited, vol. 42(4), pages 665-694, April.
    • Handle: RePEc:sae:urbstu:v:42:y:2005:i:4:p:665-694
    DOI: 10.1080/00420980500060541
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    References listed on IDEAS

    as
    1. Francois Des Rosiers, 2002. "Power Lines, Visual Encumbrance and House Values: A Microspatial Approach to Impact Measurement," Journal of Real Estate Research, American Real Estate Society, vol. 23(3), pages 275-302.
    2. repec:arz:wpaper:eres1999-158 is not listed on IDEAS
    3. Michael Ross Jayne, 1999. "The Impact of High Voltage Overhead Transmission Lines on Land and Property Values," ERES eres1999_158, European Real Estate Society (ERES).
    4. Charles J. Delaney & Douglas Timmons, 1992. "High Voltage Power Lines: Do They Affect Residential Property Value?," Journal of Real Estate Research, American Real Estate Society, vol. 7(3), pages 315-330.
    5. Peter F. Colwell, 1990. "Power Lines and Land Value," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 117-128.
    6. Stanley W. Hamilton & Gregory M. Schwann, 1995. "Do High Voltage Electric Transmission Lines Affect Property Value?," Land Economics, University of Wisconsin Press, vol. 71(4), pages 436-444.
    7. James A. Bryant & Donald R. Epley, 1998. "Cancerphobia: Electromagnetic Fields and Their Impact on Residential Loan Values," Journal of Real Estate Research, American Real Estate Society, vol. 15(1), pages 115-129.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Larsen, Peter H., 2016. "A method to estimate the costs and benefits of undergrounding electricity transmission and distribution lines," Energy Economics, Elsevier, vol. 60(C), pages 47-61.
    2. Jed Cohen, Klaus Moeltner, Johannes Reichl and Michael Schmidthaler, 2016. "An Empirical Analysis of Local Opposition to New Transmission Lines Across the EU-27," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    3. Gibbons, Stephen, 2015. "Gone with the wind: Valuing the visual impacts of wind turbines through house prices," Journal of Environmental Economics and Management, Elsevier, vol. 72(C), pages 177-196.
    4. Cohen, Jed J. & Moeltner, Klaus & Reichl, Johannes & Schmidthaler, Michael, 2016. "Linking the value of energy reliability to the acceptance of energy infrastructure: Evidence from the EU," Resource and Energy Economics, Elsevier, vol. 45(C), pages 124-143.
    5. Palmer-Wilson, Kevin & Donald, James & Robertson, Bryson & Lyseng, Benjamin & Keller, Victor & Fowler, McKenzie & Wade, Cameron & Scholtysik, Sven & Wild, Peter & Rowe, Andrew, 2019. "Impact of land requirements on electricity system decarbonisation pathways," Energy Policy, Elsevier, vol. 129(C), pages 193-205.
    6. Olivier JOALLAND & Tina RAMBONILAZA, 2017. "Assessing the impact of renewable energy infrastructure on the “tourist value” in rural landscapes: a spatial hedonic approach," Cahiers du GREThA (2007-2019) 2017-10, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

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