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.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
