Survey reveals 2 in 3 unlikely to buy a property near a fracking site

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27th October 2016 12:53 - Oil and Gas

Survey reveals 2 in 3 unlikely to buy a property near a fracking site: According to a recent survey by House Extension Online, the majority of people admitted that they are reluctant to purchase a house near a fracking site.Survey reveals 2 in 3 unlikely to buy a property near a fracking site

Of the 1,000 individuals who took place in the survey, 64 per cent said that they were not likely to purchase a property near a fracking site. A further 21 per cent said that they were somewhat unlikely to buy a home near a fracking site and 43 per cent said that they were very unlikely to do so. On the other hand, 8 per cent of the respondents said that they were likely to purchase a property near a fracking site.

Despite the findings, the oil and gas sector insists that there is a lack of evidence to suggest that onshore oil and gas projects have a negative impact on house prices. Many critics have insisted that the development of the fracking industry would have a negative effect on house prices that are set by a global market.

The research also indicated that reports by the media which suggest that fracking projects lead to lower energy bills are not convincing the majority of the public.

When the respondents were asked whether they would be in favour of fracking if it resulted in lower energy bills, 32 per cent said that they would support it. On the other hand, 31 per cent said that they would still oppose.

In a separate survey by the University of Nottingham has revealed that public support for fracking has plummeted to the lowest levels they have ever been.

In the survey of 4,500 people, it was discovered that the public’s support for fracking in the United Kingdom now stands at 37.3 per cent, in comparison with 46.5 per cent in 2015.

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