Ireland Is Tearing Down Thousands Of Empty, Brand New 'Ghost Homes'

Ireland Is Tearing Down Thousands of Empty, Brand New

Phoenix, Madrid: These are the cities we tend to hold up as examples of the havoc that construction booms — and busts — can wreak on a housing market. Ireland is in the news less, but its situation is just as dire; an estimated 300,000 brand-new Irish homes have sat empty for years. And now the government is demolishing them.

According to the BBC, one in five Irish homes is vacant. This glut of housing is a symptom of the truly gigantic building boom that hit Ireland in the early 2000s: Guest workers from all over Europe flocked to rural areas around the country, where speculative housing projects were popping up in droves. But just a few years later, as the global financial crisis took hold, it became clear that the demand just wasn't there. In 2006, Irish economist David McWilliams named these developments "ghost estates," and the name has stuck.

Ireland Is Tearing Down Thousands of Empty, Brand New
Ireland Is Tearing Down Thousands of Empty, Brand New

Some of the many empty newly built apartment buildings stand with their exterior window shutters closed in Sesena, Spain. Images: Jasper Juinen/Getty Images.

Today, people who did buy new homes are out hundreds of thousands of dollars, and more that 600 new developments across the country are abandoned. Many of these homes are poorly built — all but uninhabitable, even if the buyers were there — and some are dangerous: The New York Times reports that a two-year old wandered into one construction site this year and drowned. A similar situation developed in Spain, where thousands of units of new housing still sit vacant, attracting blight and crime.

Spurred by stories like these, Irish officials are going to unprecedented lengths to fix their mistake, opting to demolish the brand-new homes. According to the NYT, the government plans to raze at least 40 developments by the end of 2014. Bulldozers will pull down hundreds of homes that once went to market for $US500,000 or more — symbolizing the grim reality that the illusive market for these luxury suburbs never existed, and never will exist.

Ireland Is Tearing Down Thousands of Empty, Brand New

Houses stand vacant in the Castlemoyne development in North Dublin, Ireland. Image: AP Photo/Peter Morrison.

Are there other options? Possibly. One Detroit nonprofit recently started offering vacant homes to writers and artists in an effort to revitalize nearly empty neighborhoods, though the effects of such projects are untested. Another project, in Cleveland, turned an abandoned home into a solar greenhouse. Other cities are toying with ideas like turning empty units into homeless shelters, storage spaces, or shared workshops.

But it's not as simple as it sounds. When Ireland's housing boom was in full swing, building codes were often treated more as suggestions (the NYT uses the phrase "honour code"), which means that many of these structures aren't even inhabitable. It's hard to imagine a future for homes that rest on unstable foundations with plumbing systems that spew sewage regularly. Although they do serve as a tidy metaphor for the situation their country's housing is in. [New York Times; BBC]

Ireland Is Tearing Down Thousands of Empty, Brand New

Only a 45-minute drive from downtown Madrid, towering vacant apartment blocks loom over empty streets and weed-filled lots. Apartments galore are for sale and rent, and prices are plunging. Photo: AP Photo/Paul White. Lead Image: Unsold houses lie next to land bought for development at the Castlemoyne housing estate on December 1, 2010 in Dublin, Ireland. Peter Macdiarmid/Getty Images.


Comments

    Those Madrid apartments look absolutely disgusting. Why would anyone buy them? They look like commission houses from the 70s that are around Melbourne.

      The Melbourne house prices are so high that If they were here in Melbourne, they would get snapped up for a half reasonable price. Over there, yeah. Pretty ugly

    I am from Northern Ireland and have seen this first had many times, unlike somewhere like Melbourne where real demand exists people just didn't need or want this back in Ireland. It was foolish to begin with, the property boom lead to 2 bedroom houses in small towns selling for more than a 4 bedroom house in the city had just the previous year.
    The one thing that scares me about this is that I know a great many professional Irish builders that now live Melbourne and if anything they are aghast at the quality of the off the plan "new suburb" housing that is popping up all around Melb, guess Ill be building my own :)

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