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Ghost estates: Ireland and UK


bananarepublic.ie

Active member
Joined
Feb 15, 2009
Messages
237
Ghosts sprawling all over Ireland and US. But not much UK (I could be wrong). Why is not UK much prevalent as we have here? Especially in UK media.

Any idea?
 

FreshStart

Well-known member
Joined
Sep 26, 2010
Messages
705
I bought a house in 2001 for E285,000. It was an ex-rental and in pretty bad condition. I couldn't afford a house in the same estate that was around the corner because it was in good condition. Since purchasing, I installed a new kitchen and bathroom and put in wooden floors etc (probably about E16,000 in refurbishment). I since sold the house two years ago. Today, I have noticed the house next door to mine is for sale for E345,000. This house was always owner-occupied and in superb walk-in condition. This isn't a whinge, merely a practical demonstration of how house prices have fallen. The real boom ended in 2001. Everything after that was a fallacy.
 

Squire Allworthy

Well-known member
Joined
May 31, 2007
Messages
1,404
Ghosts sprawling all over Ireland and US. But not much UK (I could be wrong). Why is not UK much prevalent as we have here? Especially in UK media.

Any idea?
There are housing shortages across much of the UK.

Median earnings are around £530 per week (male). £27560 per year. 3.5 times salary is around £100,000. So with deposit and perhaps a second earner a house as below is affordable.

3 bed house for sale, Sunningdale Drive, Boston - Ref:5455207

It is an average enough house in Lincolnshire and just chosen at random.

In the UK high end houses are selling, but what is missing from the market is first time house buyers.

By the way I predict a chronic house shortage developing in N.Ireland. Housing starts there (and other regions) are about 40% of what is needed. Major problem in the making.
 

Jakey

Active member
Joined
Aug 6, 2010
Messages
160
Ghosts sprawling all over Ireland and US. But not much UK (I could be wrong). Why is not UK much prevalent as we have here? Especially in UK media.

Any idea?
Because planning laws are much, much stricter in the UK. Local councils across the water actually seek to preserve the essence of their towns and villages rather than ruin them by taking back-handers from developers and then giving these developers permission to build shoddy housing estates and horrible little shopping precincts. Seriously, if you drive from Dublin to Cork and look out of your car window, it's like a kid has let loose with his lego set.
 

godwins

New member
Joined
Oct 29, 2010
Messages
1
Ill take a house , I have been on the waiting list for 6 years and near to where I'm living ATM there is a whole estate with 100 empty houses which is now owned by NAMA and the county council are proposing to knock it down:confused:
 

White Rose

Well-known member
Joined
May 29, 2007
Messages
624
Because planning laws are much, much stricter in the UK. Local councils across the water actually seek to preserve the essence of their towns and villages rather than ruin them by taking back-handers from developers and then giving these developers permission to build shoddy housing estates and horrible little shopping precincts. Seriously, if you drive from Dublin to Cork and look out of your car window, it's like a kid has let loose with his lego set.
Just back from Oxfordshire. My God, how beautiful it is. Proper planning in evidence.

England has housing shortages because it is so densely populated. Is it the most densely populated country in Europe now?
 

yellowfish

Well-known member
Joined
Dec 1, 2004
Messages
3,763
Ill take a house , I have been on the waiting list for 6 years and near to where I'm living ATM there is a whole estate with 100 empty houses which is now owned by NAMA and the county council are proposing to knock it down:confused:

We have a house we can not sell, would love to trade up, why dont nama take some part exchange deals, at least get som money back and benefit the people paying for this mess.
 

eyelight

Well-known member
Joined
Sep 16, 2010
Messages
8,312
Just back from Oxfordshire. My God, how beautiful it is. Proper planning in evidence.
I've been living in Oxfordshire for the past 5 years, and yes it is beautiful.
There is proper planning, and locals do take an interest and have a voice when new developments are proposed. Last year there was a move to build a few hundred houses in a field on the edge of the town where I live. This was proposed by the county council, but as soon as it broke in the local paper, there was serious opposition. The field in question was owned by the council and informally used as a park, but the local town town council immediately were able to officially zone it as a park or amenity area, and the housing development was knocked on the head.

That said, someone has got permission to knock down two bungalows at the end of my road and build 7 apartments on the spot, despite a lot of local opposition.

Anyway, it's beautiful countryside round here but you do pay for it. That house in Lincolnshire mentioned above,
3 bed house for sale, Sunningdale Drive, Boston - Ref:5455207, would cost about 3 times that price round here.

That's why we're renting.
 
Joined
Aug 6, 2007
Messages
22,911
Ghost estates you mean you don't think that there are hundreds of apartments for sale in Leeds, Birmingham. Manchester, Stoke etc etc that were built and sold for incredible prices and ended up as Auction properties a year later for 35% of their value.................there are and lots of them.

Lets not mention Thamesmead which UK TV did a program on with the large scale fraud that in particular Alliance and Leicester got hit with where direct fraud with Solicitors, Valuers and Brokers ensured that at a point in time 92 out of 96 properties were reposessed and teh other 4 were heading that way.

As for preserving the countryside........Nicholas Ridley came up with the NIMBY term regarding people who scream and shout for development aslong as its elsewhere.

The Green belt is used to styme development particularly in the South East as the key concern for people is not new people coming in but it would casue a fall in their property value.

As someone who deals in UK property I can assure you that the level of fraud that has taken place is off the scale in comparison to Ireland and lenders like Mortgage Express /Alliance and Leicester have all taken massive hits because of it.

Lets not mention Land Registry where copying of documents and sale of someones homes have taken place without their knowledge.
 

thegreyfox

Active member
Joined
Oct 26, 2010
Messages
149
To consider knocking down houses when the taxpayer is funding rent allowance paid to private landlords sounds foolish.No doubt this will happen as many of our politicians are landlords and what has become all too obvious recently is that our leaders rule only for self interest rather than any national interest.
 
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