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300 new houses ??

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    #2
    Mint Sauce
    Registered Users Posts: 29,293 ✭✭✭✭Mint Sauce


    And yet theres still developments lying empty and unfinished around the county.

    They say the council have given the go ahead, I wonder whats the bank said.


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    #3
    Flibbles
    Closed Accounts Posts: 724 ✭✭✭Flibbles


    irish-stew wrote: »
    And yet theres still developments lying empty and unfinished around the county.

    They say the council have given the go ahead, I wonder whats the bank said.
    "Ach it'll be grand sure" I reckon.


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    #4
    mamakevf
    Registered Users Posts: 254 ✭✭mamakevf


    In my book 1+1=2 and 300 more new houses in the present climate of things does not add up.
    There is obviously something more going on behind the scenes that we are not aware of.
    There must be some kind of insider information going on, my money is on LK town council buying all these when completed, more jobs for the boys, methinks.


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    #5
    Senna
    Registered Users Posts: 8,800 ✭✭✭Senna


    There has been a lot of applications granted, 200 houses up Kiltoy Letterkenny and another large phase out at ballymacool, but i think its developers trying to get planning so it'll increase the value of their land. I cant see any of these developments being built in the next 10-20 years.


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    #6
    cosanostra
    Registered Users Posts: 878 ✭✭✭cosanostra


    Your sitting with a pocket of land that has very little access, no planning permission and its valued on paper as being worth lets say €1mil, so you apply for permission to build 300 houses and put a bridge in from the center of Letterkenny. Your land is now worth maybe €10mil on paper id say thats the idea behind it.

    Not that you would ever see the €10mil but it might have other uses for offsetting loans etc


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