Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
THERE ARE MORE than 250 so-called ‘ghost estates’ leftover from the boom, but few if any will be of much use to the main housebuilders, according to one analyst.
A government report published this week found that there are 256 unfinished housing developments across the country, down from almost 3,000 nearly a decade ago.
Within the hundreds of unfinished developments, more than 670 dwellings are completed but vacant, over 3,000 are at various stages of completion and almost 5,740 haven’t been started yet. Some 4,600 dwellings are completed and occupied.
According to a draft version of the Department of Housing report, the majority of ghost estates are located in counties Cork, Roscommon, Donegal and Kerry.
The only locations where there are no ghost estates are Westmeath and south Dublin.
Poor locations
Housing department officials expect that “a good number” of ghost estates will move off the list this year as some sites have been put up for sale or have had new planning applications lodged on them.
However, asset management firm Investec said in a morning briefing note that it’s unlikely any of the main housebuilding firms will acquire the sites because most are in poor locations.
Investec economist Philip O’Sullivan described ghost estates as “one of the most visible manifestations of the excesses of the property bubble of the early noughties”.
“With the national housing stock standing at slightly over 2 million units, the total capacity … of the remaining unfinished developments equates to less than 0.5% of the housing stock,” he said, adding that the government effort to fix the problem is “welcome”.
However, O’Sullivan said it is unlikely that all the remaining plots will be built on “given the location of some of these estates”.
“With most of these estates located outside of the main urban centres we see few, if any, opportunities for the likes of the listed housebuilders and REITs (real estate investment trusts) to acquire units or development assets from this source,” he said.
Written by Conor McMahon and posted on Fora.ie
To embed this post, copy the code below on your site
A star in the making. Good on you Sarah
Well done
Just persevere. Do your best and be proud!
Great run from Andrew Coscoran also
6th in the 3000m
there’s no medal for sixth
@qffaffaf affrafrfraf: You know your stuff.
@john kenny: do you wear a little pair of panties?
@qffaffaf affrafrfraf: you got gold, for being the best clown
Hope she’s not reading this, she done her best today was not her day, she was placed and proud.
@Phillip Smyth: I doubt she gives a s*** what the bitter little reprobates have to say.
She did herself and her country proud which is more than these saddos will ever achieve.
@Fergus O’Donnell: dead right Fergus do know if she receiving
@Phillip Smyth: do you know if she’s receiving plaudits for her finishing she seems to be getting raw deals this is not right
@Phillip Smyth: She finished sixth of 12 in a world final. First European home. Exactly as anyone who knows the sport would have predicted.
can’t comment on genocide in gaza, Israel’s a disgrace
@Joe Doyle: release the Hamas held hostages and remove the reason for Israel being in Gaza
@Joe Doyle: The excellent UK radio station LBC constantly covers almost daily what’s happening in the Middle East and allows its listeners to voice their opinions on the matter unlike here in Ireland, public debate on anything is blatantly and deliberately ignored by our media, free speech in the Irish version of democracy I’m afraid is non existent, our last general election is a perfect example of that where the general public were completely ignored by our pathetic media both radio and Television and not facilitated in any debate whatsoever to voice their opinions.
@James Gorman: Hamas was created by Israel and no one else, ever hear of the expression James “Divide And Conquer”?, now do yourself a favour and investigate how Hamas was created and financed but first take off the blinkers, perhaps you may also check out “The Bibi Files Documentary” that has exposed the horrible individual and his family that are in power in Israel, It will also give an insight into some of the extreme far fight racists in Netanyahu’s government.
Sixth lol
@Mr. Biggins: u couldn’t run a bath
@Mr. Biggins: Imagine how meaningless your life must be to spend your time on here trolling. What a los*r.
It’s a pity that she didn’t have the kick on power in the final three laps. It’s a learning curve and she did Ireland proud.
Sarah is tough as nails
have your say