property is incredibly valuable in Dublin City centre. However there are many vacant lots and abandoned buildings. There has been an issue with "land barons" fo

property is incredibly valuable in Dublin City centre. However there are many vacant lots and abandoned buildings. There has been an issue with "land barons" for decades. They own a lot of property in Dublin, and leave it vacant to create scarcity and drive up the price of property, and then they use the leverage of their now more valuable property to buy more. It was identified in the 70's that there were gaps in Irish property laws that could allow this to happen but nothing was eventually done about it.