How will Cape Wind impact real estate values of coastal properties?
There are no reports of offshore wind farms in Europe harming the values of expensive coastal real estate properties. Since loss of real estate values is a common concern expressed in communities near wind farms prior to their construction, the US Government commissioned a study that was released in 2003 that tracked over 25,000 real estate transactions around the largest wind farms in the U.S. and the report found no adverse effects of wind farms on nearby real estate prices.
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