Fracking set to blight local property markets

A majority of estate agents in areas close to possible fracking sites believe that local property sales and prices could be hit.

The survey – of just 60 agents – was commissioned by Greenpeace and carried out by market research agency Redshift across West Sussex, Manchester and Lancashire.

Two thirds (67%) of the agents say fracking could bring down prices, generally by between 8% to 11%.

Just over half (54%) thought fracking could cut transactions, with four of the agents saying that buyers have already pulled out specifically because of the prospect of fracking.

x

Email the story to a friend



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.