Ballymore did not play role in property crash, says Mulryan

Developer said Ballymore was a ‘victim’ of the crash as most assets were outside Ireland

Sean Mulryan said Ballymore Properties had “grave concerns” about the health of the Irish property market in 2007 and believed the country was producing 30,000 housing units too many annually. Photograph: Eric Luke / The Irish Times

Sean Mulryan said Ballymore Properties had “grave concerns” about the health of the Irish property market in 2007 and believed the country was producing 30,000 housing units too many annually. Photograph: Eric Luke / The Irish Times

Irish developer Sean Mulryan does not believe he or his company Ballymore Properties played any part in the crash of the property market here in late 2008.

“If i didn’t pay my debt back I’d say I did [play a role],” the company’s founder told the Oireachtas Banking Inquiry today. “But I don’t think so.”

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