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Not in my backyard: A hedonic approach to the construction timeline of wind turbines in Flanders, Belgium

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  • Joly, Machteld
  • De Jaeger, Simon

Abstract

This article develops a hedonic difference-in-difference model for the potential impact of on-shore wind turbines on the property prices of two residential housing markets in Flanders, Belgium. The proposed empirical framework acknowledges the possibility of anticipation and time effects. The hedonic model is estimated using a property transaction data set ranging from 2004 to 2017 for the East and West Flanders areas, which are linked to available geographic wind turbine data. We find robust results in our time effects model for properties situated between 1000 and 3000 m of a wind turbine, suggesting a negative anticipation effect persisting after the actual construction in East and West Flanders. Due to the low observation count for properties situated closer than 1000 m, no robust generalization can be made for the anticipation and time effects.

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  • Joly, Machteld & De Jaeger, Simon, 2021. "Not in my backyard: A hedonic approach to the construction timeline of wind turbines in Flanders, Belgium," Land Use Policy, Elsevier, vol. 108(C).
    • Handle: RePEc:eee:lauspo:v:108:y:2021:i:c:s0264837721002507
    DOI: 10.1016/j.landusepol.2021.105527
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    References listed on IDEAS

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    1. Jensen, Cathrine Ulla & Panduro, Toke Emil & Lundhede, Thomas Hedemark & Nielsen, Anne Sofie Elberg & Dalsgaard, Mette & Thorsen, Bo Jellesmark, 2018. "The impact of on-shore and off-shore wind turbine farms on property prices," Energy Policy, Elsevier, vol. 116(C), pages 50-59.
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    Cited by:

    1. Wang, Bingbing, 2022. "Housing market volatility under COVID-19: Diverging response of demand in luxury and low-end housing markets," Land Use Policy, Elsevier, vol. 119(C).
    2. Ju-Hee Kim & Young-Kuk Kim & Seung-Hoon Yoo, 2023. "Does Proximity to a Power Plant Affect Housing Property Values of a City in South Korea? An Empirical Investigation," Energies, MDPI, vol. 16(4), pages 1-14, February.

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