Daft Property - Irish Property News

Danger lurks in the ghost estates haunting our towns and villages... Mark Twain once famously said: "Buy land, they're not making it any more." But the mantra in Ireland during the past 10 years could easily have been: "Buy land -- and build on every inch." Across the country, rash zoning decisions in small towns and villages saw housing estates spring up. Ballyforan in Co Roscommon is one village where sales of new homes have stalled, and prices have now been slashed in an attempt to lure buyers. Built in what is essentially a one-street village, the Claremont development is now offering homes as part of the rent-to-buy scheme. Costing from €650 per month, it's the "easy way to owning your dream home" according to the blurb. Another, Pairc Caislean, has hoarding up around an empty site adjacent to some already completed houses. In Roscommon, and other counties such as Cavan, Longford and Leitrim, tax incentives saw scores of developers building la...

50,000 new homes lying empty in 'ghost' estates... AT LEAST 50,000 newly-built homes are lying empty in 'ghost' estates across the country because of the economic downturn. Hard-pressed developers and estate agents are being forced to drop their asking prices by as much as 50pc in a desperate effort to shift unwanted homes dotted across the country. An Irish Independent investigation has also found that hundreds of housing estates which should have been completed at least two years ago are still unfinished. Figures from local authorities show that county councils will not take responsibility for maintaining roads and open spaces in at least 300 estates because they have not been finished to the standard required by the planning permission. The glut of empty homes -- many built under tax break schemes -- shows the pressures now being faced by homebuilders in the economic downturn. Warned House completions are at their lowest level in years and builders are putting off st...