Sunday, August 10, 2014

Ireland Has 'Ghost Cities' Too [PHOTOS] - Business Insider

Ireland Has 'Ghost Cities' Too [PHOTOS] - Business Insider: "From the mid-1990s through 2006, home prices in the Republic of Ireland increased steadily, fueled by a period of economic prosperity known as the Celtic Tiger. In 2008, the property bubble burst, and investors who’d built housing developments in remote rural areas found themselves unable to sell their properties or, in many cases, even finish their construction.
ValĂ©rie Anex, an Irish citizen who grew up in Switzerland, was in County Leitrim in 2010 when she first came across ghost estates — defined by the National Institute for Regional and Spatial Analysis as a development of 10 houses or more in which 50 percent or less of homes are occupied or completed."

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