FACT: Windmills reduce property values.


Here you find that nearby wind facilities significantly reduce property values.  For tourist area’s the price elasticity is a lot higher. Tourist that come to Kabli beach for rest do not want to watch an flickering industrial park sunset. You can top-off big prices forever. The effect is immediate when banks assume the park will get there. That moment loans/mortgages are moderated and landowners cannot finance local business initiatives anymore. 60 times 300 meter high towers and permanent construction activities means the end of the local tourist sector. Repair helicopters buzzing around. 300+ meter crane ships to lift in Kabli harbour gives another kind of tourism. Please see the full article on valuation. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1803601