Financial woes of major Irish developer could flood the market with cheap properties

The beleaguered Irish property market could be flooded with cheap apartments and half built office blocks after the country's Supreme Court ruled that companies belonging to Dublin's biggest real estate developer, Liam Carroll, should be placed in liquidation. Carroll is reputed to have built more apartments in Dublin than any other developer and is also a major investor in the Irish stock market. If his business goes under it would be one of the biggest corporate failures in Irish history.