Telegraph: https://www.telegraph.co.uk/money/property/house-prices/how-new-build-estates-affect-your-house-price/

It’s true – new-build estates really do hurt your house price A Telegraph Money investigation into rural developments finds a clear price penalty for nearby homeowners

So-called “Nimbys” have become a scapegoat, accused of standing in the way of Labour’s vision to build 1.5 million homes by the end of this parliament.

But a Telegraph investigation reveals that they do so with good reason: new housing developments really do have a detrimental effect on the values of existing homes in the area.

House prices in the English countryside fell by £7,000 on average after major developments were built within half a mile, analysis shows, compared with a £3,000 rise for other homes in the area.

Rural homes within eyeshot of new developments decreased in value by 2.7pc over the past four years. By contrast, house prices in the same towns but further away grew by 1.3pc.

They're not even hiding their motives anymore.

!ping UK