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Ireland to demolish brand new ‘unwanted’ homes

Asheron
Asheron Posts: 1,229 Forumite
in Debate House Prices & the Economy
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.


http://news.bbc.co.uk/1/hi/world/europe/8653238.stm
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«13456

Comments

  • barrymoney
    barrymoney Posts: 290 Forumite
    edited 30 April 2010 at 3:40PM
    very eerie. that poor lady on an empty estate. house looked ok - wrong location.
    (demolishing seems a bit drastic - they arent going to get any money back by levelling the place.?).
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    they don't want Scum to have them - good job too.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    And yet some people think house prices won't fall here.

    Looks like Ireland will recover quicker than the UK as they are lettting the markets correct rather than proping them up.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    brit1234 wrote: »
    And yet some people think house prices won't fall here.

    mmm have we got 300,000 new build house like that near employment anywhere in mainland uk?
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Really2 wrote: »
    mmm have we got 300,000 new build house like that near employment anywhere in mainland uk?


    No idea. What's happening about all the flats in London/london commute that caused a big stir early on?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    lostinrates wrote: »
    No idea. What's happening about all the flats in London/london commute that caused a big stir early on?
    it was thamesmead and was total rubbish that was exaggerated by the usual losers on this forum :)
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    chucky wrote: »
    it was thamesmead and was total rubbish that was exaggerated by the usual losers on this forum :)
    Have they sold now...in the main?

    London ara is really off radar for me now. Apart from friends places and stories...no point in me trying to keep up ..
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    lostinrates wrote: »
    Have they sold now...in the main?
    no idea but i would imagine that they did as supply of property for sale is low at the moment - but then again it would depend who you ask on here
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I have no sound ... why demolish perfectly good houses? What's that all about then?

    What happens on the money front? I mean, if they rented them out at half price they'd have an income, if they demolish them there's no income and more expense.
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    edited 30 April 2010 at 5:52PM
    Ironic.... "The immigrants that drove the diggers have gone home" as i always said they took the cream as they did here and ran.
    No doubt some will be back to demolish them...

    They listened to the EA's and banks and fell for it.
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
This discussion has been closed.
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