County council issues legal warnings over ghost estates

Cork County Council has issued legal warnings to owners/developers and financial institutions involved in three ghost estates, stating they have 14 days to come up with a plan to make them safe.

These are the first warnings shots in a“get tough” policy aimed at financial institutions and owners/developers who have been dragging their feet over rectifying issues in ghost estates.

Financial institutions are being targeted because they hold insurance policy bonds which are supposed to be paid out to finish off such estates, should developers get into difficulty or go bust.