An investigation into the impact of fracking on property value: perception vs reality

Wakeling, Christopher (2015) An investigation into the impact of fracking on property value: perception vs reality. BSc dissertation, University of Portsmouth.

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    With the supply of conventional sources of fossil fuels ever depleting and the growth of renewable technologies being unable to fill the gap caused by the loss, new unconventional methods of producing energy are currently being looked into by the government to control Europe’s ongoing ‘gas crisis’. For this reason, fracking could be a potential game changer for the nation as it could aid to independently supply the UK’s growing demand.
    However, like most non-renewable energy resources, fracking is linked to a number of controversial issues which are rising in concern within the UK. This research has primarily investigated one of these issues, which is how fracking can have an impact on property value and how people’s opinions differ from the reality of the matter.
    Primary and secondary data was collected through both a literature review and a case study of the South Downs National Park; in particular, a small village called Fernhurst. This location recently experienced plans from a gas extraction company to explore for fracking.
    Interviews were conducted with industry professionals in the area; it was found that the majority of the estate agents interviewed thought that fracking would decrease values by an average of 17.1% to properties within 1km and a majority thought this would be a long term impact. With 50% of the public against fracking, the extraction method is generally opposed even though similar techniques have been used for years with no issue.
    It is recommended that the Government should explain to the UK how there are currently not enough UK based facts and evidence about fracking to determine whether it is a positive or a negative, therefore what is portrayed in the media should not be fully relied upon.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Civil Engineering and Surveying
    Depositing User: Jane Polwin
    Date Deposited: 23 Oct 2015 16:22
    Last Modified: 23 Oct 2015 16:22

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