Galway Bay fm newsroom - The government has spent almost €40 million on buying privately built homes across Galway during the housing crisis.
Since 2011, Galway County Council has spent €22m to accquire 145 units - at an average cost of €151 thousand per unit.
While the City Council invested €15.2m to purchasing 74 units in the city - with an average cost of €206 thousand per unit.
Nationally, some of the largest spends include €218m on buying units in Dublin; €133m in Kildare; €65m in Limerick and €48m in Tipperary and Cork.
According to the Sunday Independent, the total cost is €1.2bn for over 7 thousand homes nationwide since 2011.
Business Correspondent with the paper, Michael Cogley, says there's a particular issue with this approach.
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