Posted inEconomics / Fracking / News

Fracking Affects Property Prices

Living close to a shale gas well affects the price of your house, according to new research published in the American Economic Review, one of the country’s oldest and most respected economic journals. Researchers examined property data from Pennsylvania, one of the fracking hotspots in the US and found that property values could be negatively affected by up to 14 per cent or an annual average loss of $30,000.

— source priceofoil.org

few years back wind power company in Briton faced challenged from people that their property value is gets affected if wind tower is in their backyard. And they stopped that project. but here fracking which emit carcinogens dont have any issues.

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