Cork County Council get resolutions on unfinished estates

The threat of legal action coupled with an upturn in the housing market is helping Cork County Council to get resolutions on unfinished housing estates.

Council senior planner Andrew Hind said that six cases had been sent to the county solicitor for court action and the threat of this had brought all the bondholders to the table for talks.

Builders had to take out bonds (insurance policies) with financial institutions to assure money was in place to finish off estates if they went bust, which several did.