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Influence of onshore wind turbines on land values
[Einfluss von Onshore-Windenergieanlagen auf den Grundstückswert]

Author

Listed:
  • Jan von Detten

    (HAWK University of Applied Sciences and Arts)

  • Johann V. Seebaß

    (Max-Planck-Institute for Dynamics and Self-Organization
    Thinktank of Aeronautics, Aerodynamics and Aerospace Technology)

  • Jan C. Schlüter

    (Max-Planck-Institute for Dynamics and Self-Organization
    Georg-August-University of Göttingen)

  • Florian Hackelberg

    (HAWK University of Applied Sciences and Arts)

Abstract

The economic consequences of wind turbines on property prices and land values are a widely discussed political and social issue. In this study, in addition to the previous research on the impact of wind turbines on property prices, the influence of wind turbines on standard land values was examined for the first time. The study thus provides new insights, particularly with regard to the debate on distance areas and financial compensation payments for residents. The chosen investigated area is located in Northern Germany and comprises three coastal districts in the state Schleswig-Holstein with a total of 1382 land zones and a high density of wind turbines. Using ordinary least squares models, the significant influence of wind turbines on the standard land values could be shown within a radius of up to 9 km. Using an exemplary municipality for the study area, an average change in the standard land value of 7.33% per 1000 m distance could be determined. Overall, the standard land values of less densely populated areas were affected more than urban areas.

Suggested Citation

  • Jan von Detten & Johann V. Seebaß & Jan C. Schlüter & Florian Hackelberg, 2023. "Influence of onshore wind turbines on land values [Einfluss von Onshore-Windenergieanlagen auf den Grundstückswert]," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 9(1), pages 63-80, April.
    • Handle: RePEc:spr:gjorer:v:9:y:2023:i:1:d:10.1365_s41056-023-00067-5
    DOI: 10.1365/s41056-023-00067-5
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    References listed on IDEAS

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