Newspaper 150114

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The Daily Record Wednesday, January 8 2014 €1.49/£1.29

Minister vows to tackle ghost estates

Promises to resolve “distressing remnant of the doomed Celtic Tiger years” By Barbara Crabtree

Housing minister Jan O’Sullivan In 2010, there were 2,846 unfinreleased the second annual re- ished developments. This year, port detailing the progress made that number has been reduced in relation to unfinished housing by 55% to 1,258. The number of completed vacant units in estates around the country. Speaking today at the Custom House, the Minister said that she was pleased with this year’s results as “they point to significant progress in bringing to a conclusion this most distressing remnant and symbol of the doomed Celtic Tiger years.” Describing this strategy as “the last pieces of the jigsaw”, the report describes the plans laid out by the housing department to deal with the ghost estates which litter the Irish countryside. Minister O’Sullivan has stated Minister Jan O’Sullivan that the last remaining unfinished housing estates will be these unfinished developments completed within this govern- has also shrunk in the last three years by an impressive 72%, ment’s lifetime. The report includes results from from 23,250 to 6,350. the national housing develop- It is hoped that the gradual rement survey. The survey has covery in the housing market of been tracking the extent of un- recent months will continue to finished housing developments deplete this figure. since 2010 and this year has re- Looking to the future, the report states that “it is imperative that ported many positive findings. the banking and property sectors become fully functioning again.” Local authorities will continue to pursue developers who own these unfinished estates. Site resolution processes will be the main vehicle used to resolve

unfinished developments. Over the past year this method has shown success, with over 500 developments being brought to a resolution point through this amicable process in 2013. It is hoped that with the property market getting stronger in recent months, particularly in Dublin, the minds of various interests will be concentrated and the fate of ‘ghost estates’ will be resolved at a faster rate in the future. Minister O’Sullivanstressed that the completion of any partially inhabited estates around the country is the Government’s priority. In this year’s budget, €10 million was set aside for the completion of infrastructure in estates which have little or no safety bond in place. These bonds are provided by the developer to the local authority for the completion of roads and other essential services. In some cases, bonds have expired and in others no bonds were put in place at all. Minister O’Sullivan described this issue as “Legacies of a boom time with no regulation”. The Public Safety Initiative will be wound up in 2014. Set up in 2011, this initiative provided local authorities with funding to complete necessary Continued on Page 2


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