Isnt Adamstown 50% vacant? And thats in Dublin, surely there must be some in the west very close to 100% vacant mark!
Good God they built apartment blocks in places like New Ross, Ferns and many many one street “villages” along the Dublin - Westport road
Why not build big fences around them and see if other countries want to export their prison populations? The Yanks can rent one out and use it as Guantanamo II. Or maybe various worldwide radical groups can use them for suburban warfare field training, The possibilities are endless
Demolishing housing is a terrible idea.
The market should be allowed to work and the houses should be sold at whatever they can get in an open market.
There is a demand for everything if its priced correctly. I personally would buy a new house in Leitrim if it was priced at ,say, less than 40k. Not sure how often Id use it but that would be my choice.
Local councils in Newcastle, England sold off houses that nobody wanted, duing the 90s, for 50 pence rather than demolish them. People bought them and turned the area around somewhat. Those houses were changing hands near the 100k mark in the recent boom.
No Jobs locally for these areas and in the coming years there will be even less…
Chickens coming home to roost on this issue of badly planned estates in areas that could not support them locally is gonna be painful reminder of how caught up in the “world class” spin this poor little country of muppets bought into… Greed, Greed and more Greed…sad indeed
I think demolishing these ghost estates before the market has had a chance to address the issue might be a bit hasty. Currently three bed semis in the North Midlands are on the market for about €160,000 +. Given time prices will fall, probably to less than half current asking prices.
At some stage these low prices will attract buyers, retirees for instance ( a growing % of our population) from the cities who want to avail of the equity built up in their home; thus freeing up underutilised housing stock in cities. The only problem with this market solution is the length of time such an outcome would take. It might be worth considering some type of information campaign or move assist programme to speed things along.
Passed by this recently and the place is a monumental eyesore. Dozens of acres of land in a very scenic part of the country, surrounded by hastily erected hoardings and fences, with a few half-built houses and large earthworks visible from various points along the road. No sign of anything happening there for the foreseeable future.
Nope. The Souther European housing markets are plummeting also. In fact it looks like we’ve been passed by the UK and Spain. If I was an old git looking to move out of Dublin. I would Not ever move to Letrim. I would move to Souther Europe. Prices will be the same and it is quicker from Southern Europe to get back to Dublin to see the kids.