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The impact of fracking on house prices

Dr Stephan Heblich

7 March 2016

Research has found that shale gas extraction by hydraulic fracturing ('fracking') has measurable impacts on nearby house prices.

These findings have policy implications for compensation payments to property owners and for the regulation of fracking.

The research was carried out by a team which included Dr Stephan Heblich, a Reader in the Department of Economics, EFiM.

Using evidence from two minor earthquakes near Blackpool, caused by exploratory fracking, the researchers estimated a reduction of house prices of 3-4%. This equates to a cummulative cost of £111-160 million for houses sold in this area.

The findings are published in a University of Bristol discussion paper and a PolicyBristol Policy Briefing.

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