Towers, Turbines and Transmission Lines (PDF)

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.