According to a recent report in the Wall Street Journal, the presence of powerlines and cell antennas near properties can have a detrimental effect on their value. The unattractive views associated with powerlines lead to vacant lots located nearby selling for significantly less compared to those situated further away. The study conducted by College of Charleston assistant professors Chris Mothorpe and David Wyman reveals that vacant lots adjacent to high-voltage transmission lines sell for 45% less than equivalent lots situated elsewhere, while non-adjacent lots within 1,000 feet of such lines sell at an 18% discount.
Similarly, the installation of cellphone towers in certain areas can bring in additional tax revenue and improve reception, but concerns regarding potential health risks and their impact on property values have made many people reluctant to live near these towers. The article highlights that in some regions where new towers have been erected, property values have experienced a decline of up to 20%.