Live Breaking News & Updates on Door estate

Detailed text transcripts for TV channel - CNN - 20110519:08:27:00

Years ago. home owners found themselves with houses worth half as much and the dream of the keltic tiger suddenly turned into a nightmare. there are 620 of these ghost estates across ireland, the scars of the property boom, visual reminders of everything that went wrong, easy credit, lax planning regulations and just nowhere near the demaned to meet the number of houses actually being built. on the next door estate, things are going better, for now. but tour this site and you find out just how the property market s working. three years after a period of unprecedented prosperity in ireland came to a crashing halt. the banks are still lending if you have a large enough deposit. so buyers like this woman who managed to get mortgages can snap up bargains. the original prices with 300,000. we got it for close to half price. reporter: it means developer

Ireland , Half , Home-owners , Property-boom , Ghost-estates , Dream , Nightmare , Scars , Keltic-tiger , 620 , Houses , Things