Unwanted homes in Irish Republic could be demolished

Here is a corking supply and demand story.

They have been called the ghost estates of the Irish Republic – about 300,000 homes built in the frenzy of the property boom that no-one wants to live in now.

via BBC News – Unwanted homes in Irish Republic could be demolished.

How do you price one house on an estate when all all the others are unsold? Zero? Well probably not, but it does represent a challenge.

And 300,000 empty houses in a country with a population of 4 million is a shocking ratio.

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One comment on “Unwanted homes in Irish Republic could be demolished
  1. Trevor says:

    Interesting story, do you think that the influx of eastern Europeans might want somewhere to set up home? Or maybe the overcrowded prisons could do with some more room? But of course this is the Irish Republic and not part of the UK.

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