A new report has found that the Beauly-Denny electricity transmission line, which stretches over 130 miles in Scotland, has not affected house prices in nearby areas since it became operational in 2015.
The study, conducted by BiGGAR Economics, compared property prices along the route of the power line with wider local housing markets.
It concluded that house prices in these areas have risen in line with broader trends.
The report, commissioned by Scottish Renewables, identified interest rates, the cost of living and housing supply as the key factors influencing property prices.
BiGGAR Economics, an Edinburgh-based consultancy, also gathered insights from local estate agents, who reported limited experience of the power line affecting property sales.
Simon Cleary, Energy Transition Director at BiGGAR Economics, said: “Our analysis found that housing market trends along the Beauly-Denny power line have mirrored those of the wider local authorities.
“Macroeconomic factors have been the principal drivers of house price growth and the power line has had no noticeable adverse impact on house prices.”
Stephen McKellar, Head of Grid & Networks at Scottish Renewables, said: “Demand for electricity is set to increase by 50% in the next decade and double by mid-century so effective electricity transmission is crucial if Scotland is to take advantage of its world class renewable energy resources.”
Copyright © 2024 Energy Live News LtdELN