The impact of cell phone towers on house prices in residential neighborhoods
Bond, Sandy
The impact of cell phone towers on house prices in residential neighborhoods - 2005 - The Appraisal Journal 73(3) Summer 2005, 256-277(22) .
This article examines whether nearness to Cellular Phone Base Stations (CPBSs) has an impact on residential property values and the extent of any such impact. A survey of residents' perceptions towards living near CPBSs in ten suburbs of Christchurch, New Zealand, revealed that, overall, the respondents would pay from 10% to over 20% less for a property situated in close proximity to a CPBS. These results were confirmed by actual market sales analysis, which showed that property prices declined by 21% after a CPBS was erected in the area. This is despite the fact that no conclusive scientific evidence exists that emissions from CPBSs have harmful effects. Contains maps and statistical tables.
The impact of cell phone towers on house prices in residential neighborhoods - 2005 - The Appraisal Journal 73(3) Summer 2005, 256-277(22) .
This article examines whether nearness to Cellular Phone Base Stations (CPBSs) has an impact on residential property values and the extent of any such impact. A survey of residents' perceptions towards living near CPBSs in ten suburbs of Christchurch, New Zealand, revealed that, overall, the respondents would pay from 10% to over 20% less for a property situated in close proximity to a CPBS. These results were confirmed by actual market sales analysis, which showed that property prices declined by 21% after a CPBS was erected in the area. This is despite the fact that no conclusive scientific evidence exists that emissions from CPBSs have harmful effects. Contains maps and statistical tables.