Kythira Windturbines Information

Impact on property values

The impact of wind farms on real estate value, whether in terms of transfer or rental, is inevitably and unavoidably negative; despite the unreal claims of promoters, the value of property is never increased by such proximity. This section considers significant case studies from around the world.

It is important to realize that on Kythira the real estate market is almost solely dependent on buyers of vacation homes (foreigners and Greeks). As they find an undisturbed natural view and a free horizon very important, the effect will almost for sure be much greater than the average value decrease generally reported in research.

Latest Posts