Giving Up The Ghost

at

Bailieboro Road, Virginia.902672961

A ghost estate on Bailieboro Road in Virginia, Co. Cavan, top, and Keith Lowe, CEO of DNG properties, above

Kevin Keane, in the Irish Daily Mail [not online] reports:

“Keith Lowe, chief executive of DNG estate agents, said: ‘We are probably selling one [ghost estate] a month at the moment somewhere in Ireland, and every one we have ends up going to tender and beating the guide price by a multiple.’ Most purchasers are Irish and are increasingly confident about making a good return on their outlay. Mr Lowe said: ‘Even when they [the estates] don’t make financial sense today, people can see the financial sense in the future.”

One a month.

Previously: Would You Buy A Ghost Estate From This Man?

Related: A stroll through Ireland’s eerie ghost estates (Slate)

Pics: Jordan C Teicher and Photocall Ireland

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17 thoughts on “Giving Up The Ghost

    1. Nigel

      I think you’re supposed to be informed. If you didn’t know this before hand, you are now just a little bit better informed. Your emotional response, if any, is your own.

  1. SG

    Seen as these ghost estates houses are more or less built, are they required to be brought up to the current building regulations. For example the A3 BER rating?

      1. ahyeah

        yeah, for a sector that’s trying to repair it’s image, he’s about as unfortunate looking as it could get.

      1. Nigel

        I actually thought it was a lit match and he was setting fire to the brochure as some sort of symbolic statement, either of post-crash despair or pre-crash extravagance.

  2. Langer

    It’s great that “….people can the see the financial sense in the future”. Are they the people that were able to see it last time as well? The papers should know better than to start fuelling this again….. If he’s doing so well he doesn’t need advertising. He should have a big smile on his face instead of looking like he’s constipated.

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