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Thread: Numbers of ghost estates

  1. #1
    Politics.ie Member
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    Default Numbers of ghost estates

    THE number of 'ghost' housing estates stands at 2,700 -- four times higher than thought, according to the first official government estimate.

    This means that taxpayers face an even bigger bill for the mess caused by developers and the banks.

    Ghost estates are defined as those that contain unfinished, unoccupied, or partially occupied house and apartment blocks.

    The first government-ordered audit of how many such estates exist has now revealed the extent of the problem. A previous estimate, earlier this year, calculated there were 621.

    Many of the estates in the new total of 2,700 are located in the midlands and north-west, the Irish Independent has learnt.

    The report outlines six categories of properties,ranging from those which are 'turn key''-- finished but unoccupied-- to estates where only preliminary groundwork has taken place. Other estates are partially occupied, but have half-built houses and apartments which are boarded up.

    One-in-four unoccupied buildings in ghost estates pose serious safety risks because sewers have been left open, water is contaminated and building sites are not secured properly.

    .......
    This means that taxpayers will have to foot the bill. Many estates will be bulldozed, others will have the houses finished and sold.
    Taxpayers face the prospect of having to foot the bill to make the sites safe because developers failed to pay bonds that would be used to complete the developments.
    Number of 'ghost' estates four times initial estimate - National News, Frontpage - Independent.ie


    Four times as many as thought!

    And yet in galway city there are now a record 3,000 people on housing waiting lists.
    there is also a few affordable housing estates empty.

    And guess who pays for all this!!


    grand little country we have here!!

  2. #2
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    That's a gob-smacking figure. Even if you considers some of those estates are small, that's just appalling.

    P.
    "Ever tried. Ever failed. No matter. Try again. Fail again. Fail better."

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    Politics.ie Member bormotello's Avatar
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    We have 100,000 in waiting list for social housing

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    Sell them.

    Put them up for auction in whatever state they are currently in and clear the lot. They will sell and the money can be used to full some of the gap left by the Developers.
    Happiness is a dry martini and a good woman … or a bad woman.
    –George Burns

  5. #5

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    A link to a similar issue in Florida. Beautiful but tragic.
    Aerial Footage: Portrait of a Housing Bust | The Big Picture - StumbleUpon
    Thank you for the six thousand likes.

  6. #6

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    There are 300,000+ unsold housing units not 100,000.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Politics.ie Member libertarian-right's Avatar
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    Quote Originally Posted by CookieMonster View Post
    Sell them.

    Put them up for auction in whatever state they are currently in and clear the lot. They will sell and the money can be used to full some of the gap left by the Developers.
    +1

    No need to use MORE taxpayers money to bulldoze them. And who would get this money? The broke developers that have loans in NAMA?

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    Politics.ie Member Twin Towers's Avatar
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    "Ghost estates on Streetview" from Property Pin:

    Strangely facinating.

    Ghost estates on Streetview

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    Quote Originally Posted by libertarian-right View Post
    +1

    No need to use MORE taxpayers money to bulldoze them. And who would get this money? The broke developers that have loans in NAMA?
    You can be sure there would be a lucrative government contract to clear them too. Just sell them and get at least one thing off our backs.
    Happiness is a dry martini and a good woman … or a bad woman.
    –George Burns

  10. #10

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    Given the size of the country 2,700 sounds like a joke figure- if someone had predicted this in 2006 when people were queuing for property would you have believed them?

    Its worrying that they are concentrated in particular areas as well.

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