Abstract
Energy facility presence can be understood as an intangible property characteristic. However, little research has been conducted on its importance in the context of property asset pricing. Existing appraisal approaches for energy facility presence are often grounded on the intuition that house buyers demand a financial compensation for living near such a facility, implicit price. This study provides an overview of the existing empirical literature on the property value impact of nuclear, wind, biomass, and biogas energy facilities. Evidence suggests that general statements concerning the implicit price of energy facility presence may not hold true because this presence is a location-specific phenomenon.
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