Cabinet Will Debate Plans To Limit Investment Fund Impact On Housing Next Week.

Thursday, 13 May 2021 13:00

80% of Kildare housing estate purchased by an investment fund in April.

Proposals to limit the impact of investment funds on the Irish property market will come before the cabinet next Tuesday.

It follows, among other acquisitions, the purchase of 135 out of 170 homes in Mullen Park, Maynooth by Round Hill Capital for €53 million.

Leo Varadkar confirms proposals to deal with investment funds buying up new developments will be brought to cabinet next Tuesday
— Seán Defoe (@SeanDefoe) May 13, 2021

The government is examining cutting the tax incentives for investment funds and changing planning laws to reserve a percentage of new builds for owner-occupiers.

Tánaiste Leo Varadkar has said the government plans to move quickly to end the influence of the funds:

Whilst the Tánaiste has accused Sinn Féin of speaking with a 'forked tongue' when it comes to housing.

For the fifth Leaders' Questions in a row, housing was the dominant issue in the Dáil on Thursday afternoon.

Sinn Féin criticised delays on new policy to curb the influence of investment funds - which will come before cabinet next Tuesday.

Tánaiste Leo Varadkar hit back at the remarks from Pearse Doherty:

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