On Air Now

The Breakfast Show

6:00am - 9:00am

  • 045 901 490
  • 0833-979797

Now Playing

Westlife

Swear It Again

Almost 1,000 Homes Leased From Investment Funds For Social Housing.

Stock image: Shutterstock

The leases average 25 years in duration.

Almost 1,000 homes in Dublin have been leased from investment funds and property developers for social housing.

The Irish Times reports that the county's four local authorities are setting the properties in leases up to 25 years in length.

The Government announced plans to clamp down on so-called cuckoo funds earlier this year, by increasing stamp duty to 10 percent for investors bulk buying property.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Thu

    Heavy Rain

    18°C

  • Fri

    Heavy rain shower

    20°C

  • Sat

    Heavy Rain

    18°C

  • Sun

    Heavy rain shower

    19°C