Monday 27 February 2017

Mystery of 'ghost flats'

Sir -- Regarding your article about the "ghost estates". (Sunday Independent, January 24). In the last year, myself and my daughter have been looking for a "bargain" in the housing market.

Six months ago she viewed a new development in a Dublin suburb with an asking price of around €300.000. She telephoned the auctioneer (a smartly-dressed male in a suit, driving a sports car on the day of viewing) and offered €280,000 as she said that's all the mortgage approval she could get. He refused the offer and laughed her off. He wasn't interested in even negotiating. She has since bought in another part of the city where there is an apartment block nearby which is not completely finished. The majority of the apartments are empty and there are building foundations abandoned next to it. I emailed the auctioneer and offered the equivalent price of a one-bedroom apartment for a two-bedroom.

They replied saying that the builder wouldn't be interested.

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