We’ve been asked a few questions with regards to our estimates for vacant property (see post here).

1) What do we mean by vacant houses?

The 302,625 housing units we identified as vacant are properties that do not have anybody living in them as their principal residence for the majority of the year.  They are principally vacant, but not necessarily available for the market and include vacant houses available for sale, vacant houses available for rent, vacant houses that are not on the market, under-counted second and holiday homes, and abandoned properties

2) How did you determine that 50 percent of the 215,451 houses built between April 2006 and end of 2009 are vacant? (more…)

Since posting on the number of under-construction ghost estates in Ireland last week, we’ve been asked how many vacant houses there are in Ireland.  There is no exact figure released by any state agency, but by using Census 2006 and Dept of Environment, Local Government and Heritage, and making a couple of assumptions based on our analysis of these data, we can come up with an estimate – 302,625.  This figure includes vacant houses available for sale, vacant houses available for rent, vacant houses that are not on the market, under-counted second and holiday homes, and abandoned properties, but does not include 49,798 holiday homes recorded in 2006 census.  This is not a measure of availability but vacancy (some of which is available to the market now, and some of which will become available when prices rise/demand returns, some of which will not become available).

This is how we’ve calculated it. (more…)

There has been a lot of discussion about the ghost estates that haunt many towns and villages across the length and breadth of Ireland. We’ve been trying to find a way to identify them without having to perform an extensive survey. (more…)