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Sat 03 Mar 2010Ireland set for zombie housing market - Bruton

RESEARCH REVEALING the extent of vacant properties in the State suggests Ireland will have a “zombie” housing market for years to come, Fine Gael finance spokesman Richard Bruton said yesterday.

The UCD research found there were 345,000 vacant houses and apartments across the country. Mr Bruton also claimed the intervention in the housing market by the National Asset Management Agency (Nama) would keep prices inflated and prolong the recession.

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