Cellphone towers don’t affect prices, says study
A new study claiming cellphone towers do not reduce the sale prices of nearby houses contradicts earlier research and surprises at least one homeowner living near one.
The latest research from the University of Auckland Business School reveals that lamp-post style or single monopole cellphone towers do not affect the sale prices of properties nearby.
The study by Department of Property lecturers Dr Olga Filippova and Dr Michael Rehm looked at the property prices of houses within 500 metres of 521 cellphone towers across the Auckland region sold from 2005 to 2007. It found only visually disruptive armed monopole towers lowered the value of adjacent houses.
‘‘Cellphone towers often raise the ire of nearby homeowners, with many claiming that their potential health effects and visual impact lowers the value of their houses,’’ Dr Rehm said.
‘‘Some real estate agents have even put a figure on the supposed effect, claiming that a nearby cellphone tower can devalue a property by 10 to 15 per cent.’’
She said their research indicated new cellphone towers would not have a negative impact on house prices, as long as telecommunications providers did not build visually disruptive armed monopole towers in residential areas.
It contradicts a 2006 study by Lincoln University’s Dr Sandy Bond that showed properties in Christchurch within 500m of cellphone towers dropped in price by 15 per cent on average.
Many homeowners believe cellphone towers devalue their properties. Auckland resident Rowan Hegley, who saw a tower built in front of his Bucklands Beach home by Telecom in 2009, said he was surprised at the latest study findings.
‘‘I haven’t tried to sell yet but I know through people I’ve spoken to in the real estate game they’ve had resistance.’’
SALE PRICES NOT AFFECTED: New findings claim that cellphone towers do not weaken nearby house sales.