Daft Property - Irish Property News

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...