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Greedy Galway

category national | miscellaneous | opinion/analysis author Monday December 22, 2008 20:50author by Floatingingalway

Thousands of square metres of empty commercial space in Galway

Galway, Ireland. This was filmed in November 2008. Thousands upon thousands of square metres of commercial space. All of it empty. Everybody is talking about the residential property crash while these buildings lay empty for years. Who is paying for this?
Commercial property is still seen as a sure investment by banks. Why? This is a very big elephant is dancing in the cupboard.

This is a subject that needs to be talked about. Many will argue that it is not relevant to us but it is. There are massive funds invested in commercial property in Ireland and vast amounts of these properties are sitting empty. Even more will be vacated in the new year. We will all pay for this and so will our children.I'll let the pictures speak for themselves.

Caption: Video Id: 6sEzeW7TU5g&fmt=18 Type: Youtube Video
Embedded video Youtube Video


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