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Effects of High-voltage Overhead Transmission Lines on Land Value

  • Korea Real Estate Review
  • 2013, 23(1), pp.113-132
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

kyungkyu seo 1

1대구가톨릭대학교

Accredited

ABSTRACT

The objective of this study is to analyze the effects of high-voltage overhead transmission lines(HVOTLs) on land value. The results of this research will be used; as a reference for appraisal of land in neighborhoods, to determine the coverage of indirect compensation. Even though there are conflicts related to the construction of HVOTLs, there is a lack of research concerning this matter. The results are as follows:1. When the voltage is high, decreasing value rates of the land neighboring HVOLTs are high. 2. The value was affected by distance from lines at the same voltage. 3.According to land use, decreasing value rate was different. Decreasing value rate of residential use was higher than farmland. 4. Other factors that influence decreasing value rate were area, zoning, pylon view, etc. This study shows that voltage, the distance from the lines, and land usages are factors for consideration when determining the coverage of indirect compensation.

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