Daft Property - Irish Property News

Over 600 ghost estates stand as haunting legacy of crash... THE startling scale of Ireland's property crash is laid bare today as academics reveal that more than 600 'ghost' estates are scattered around the country. For the first time, a comprehensive map charts the locations of the empty and abandoned developments that stand as haunting monuments to the Celtic Tiger splurge . The analysis suggests pockets of the north-west and midlands will be worst hit by a housing glut that will take years to sell off. Largely rural counties Leitrim, Longford, Roscommon and Sligo have the highest number of partially built and semi-vacant housing estates when measured against their populations. Their relative distance from major cities is expected to compound their oversupply problem for the foreseeable future. Although Cork has 96 so-called 'ghost' estates and Dublin 58 -- the highest figures by county -- it is believed that their urban populations can absorb the surplus much soo...

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...