Towers, Turbines and Transmission Lines : Impacts On Property Value.
Title:
Towers, Turbines and Transmission Lines : Impacts On Property Value.
Author:
Bond, Sandy.
ISBN:
9781118533239
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (333 pages)
Contents:
Towers, Turbines and Transmission Lines: Impacts on Property Value -- Copyright -- Contents -- About the Editors and Contributors -- Foreword -- 1 Introduction -- 1.1 Valuation and Environmental Attributes -- 1.2 Risk and Stigma -- 1.3 Media Impact -- 1.4 Methodologies -- 1.5 Book Structure -- 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 -- 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 -- 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 -- 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 -- 6 A Review of HVOTL Studies in North America -- 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.
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 -- 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 -- 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 -- 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 -- 11 Wind Farms in North America -- 11.1 Introduction -- 11.2 Previous Research -- 11.3 Present Research -- 11.4 Robustness Tests -- 11.5 Conclusions -- 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 -- 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.
Abstract:
From the Foreword by Dr Valmond Ghyoot, Emeritus Professor of Real Estate, University of South Africa: 'The valuation profession, the legal profession, property industry participants in general and students will welcome publication of this book. Investors, environmental groups and affected property owners will find essential information for use in their decision-making, development objections and claims. My hope is that [it] will provide answers where required and that it will help to improve the professional standard of valuations and appraisals internationally. I trust that it will also raise the standard of testimony in damages cases. If so, the editors and contributors will have succeeded in documenting the state of the art in this relatively unexplored terrain.' 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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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