National
Empty homes in the new Oakport development in Cootehall, Ireland, are selling for as little as 65,000 euros (about $81,000). During Ireland's housing bubble, the homes would have fetched well over twice as much. (Shashank Bengali/MCT)
MCT
Gabriel Higgins, 25, pictured in front of his home May 26, 2012, is one of the few residents of the new Oakport housing development in Cootehall, Ireland. More than half of the 42 homes in the development are vacant, part of a wave of overdevelopment during Ireland's housing bubble. (Shashank Bengali/MCT)
MCT
Dymphna O'Regan, 77, pictured in front of the pub she owns with her husband, May 26, 2012, in Cootehall, Ireland. O'Regan says she is upset by the glut of new construction in the village but her family also made a healthy profit from the sale of land for development. (Shashank Bengali/MCT)
MCT
Developer Michael Keane is pictured in his home in Ardcarne, Ireland, May 26, 2012. Keane lost millions when Ireland's housing bubble burst in 2007. (Shashank Bengali/MCT)
MCT
Maurice Gannon, a 45-year-old community activist pictured May 26, 2012, in Cootehall, Ireland, said that Ireland's housing bubble was the result of "pure greed." (Shashank Bengali/MCT)
MCT
Empty homes line the streets of Cootehall, Ireland, May 26, 2012, after the country's housing bubble resulted in a glut of new dwellings with few people to live in them. (Shashank Bengali/MCT)
MCT
A plaque, seen May 26, 2012, honors the memory of late author John McGahern, who grew up in the village of Cootehall, Ireland. (Shashank Bengali/MCT)
MCT
The main street in Cootehall, Ireland, is lined with new homes, May 26, 2012. During the housing bubble that gripped Ireland in the 1990s and 2000s, the tiny village of Cootehall, which had fewer than 200 residents, built 83 new homes. (Shashank Bengali/MCT)
MCT
A new housing development on Boyle River in Cootehall, Ireland, sits empty, May 26, 2012. During the housing bubble that gripped Ireland in the 1990s and 2000s, the tiny village of Cootehall, which had fewer than 200 residents, built 83 new homes. (Shashank Bengali/MCT)
MCT
For-rent and for-sale signs are everywhere in Dublin, Ireland, as the country grapples with the fallout of a property bubble. (Shashank Bengali/MCT)
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