Hope your ready for your house prices to fall in: Edinburgh, North Berwick, Tranent, Dalkeith, Penicuik, , Rosyth, Bathgate, Falkirk, Airdrie, Motherwell, Glasgow, Denny Alloa, Dunfermline, Kirkcaldy Glenrothes and Leven. The the Department Of Energy & Climate Change website has confirmed “On the 28th July 2014, the Energy Minister, Matthew Hancock, invited applications for Licences in the 14th Landward Licensing Round. Applications for Licences will be accepted up to 2.00pm on the 28th October 2014. A link to a map confirms licenses on offer cover the entire central belt of Scotland. Despite the fact that it is the most densely populated part of Scotland, with 80% of the population, the DECC website reveals not only is the government offering licenses for shale gas and oil exploration but also Coal Bed Methane Exploration, which was subject to a public inquiry in Scotland earlier this year as it is every bit as controversial as fracking. “The government has been criticised for censoring a report into the impact of shale gas drilling on house prices” but the report did reveal house prices in parts of America fell up to 14% due to nearby drilling operations. But the reality of the impact on house prices in England is already far worse, with the Daily Mail also reporting last month that in Lancashire one owner’s house value plummeted over 70%, from £750,000 to £190,000, after Cuadrilla proposed a drilling site just 300 yards from her home while “‘Two other estate agents said they would rather not even comment, because the possibility of fracking meant they couldn’t actually say if it was worth anything at all.”
Posted on: Sun, 21 Sep 2014 17:46:19 +0000
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