Fracking House Price Risk

Fracking House Price Risk Devaluation.

New fracking plans, if allowed to go ahead, could cause homeowners in Manchester to see their property values plummet.

New research has found gas deposits not seen before all over Britain, these are located in areas such as Manchester, Leeds and York.

Fracking is the process of pumping water and certain chemicals underground pushing trapped gas out of the ground.

The government has come up with plans for fast track measures and tax breaks for shale gas exploration.

There is no set location for fracking at the moment and due to this property prices could drop 30%, surveyors have warned.

Our View

Just like mining, any process of drilling deep underground and injecting high pressure fluid to force out gas appears un-natural. 

You are technically "undermining" and yes, we believe it has the potential to undermine property prices when fracking.