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Earthquakes linked to shale gas exploration cause house prices fall

2016-03-03 06:52:00| Climate Ark Climate Change & Global Warming Newsfeed

PhysOrg: Fear of fracking can have negative effects on the UK housing market around shale gas sites, economic researchers have warned. The research team, from the University of Bristol, the London School of Economics and Duke University in North Carolina, carried out a study that found licensing and exploration had minimal impacts on house prices. However, two highly publicised minor earthquakes linked to exploratory fracking near Blackpool in 2011 caused a three to four per cent reduction in house prices...

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