Taoiseach says ‘further measures’ being planned to prevent multiple unit sales
The Taoiseach’s call for a review was simply “spoof” and 'spin', Ms McDonald said. Photo: Tom Honan / The Irish Times
Raising the issue in the Dáil she said that according to the CSO over 4,200 homes were bought up by funds in 2021 and 2022 “and your response is really no response at all”, she told Taoiseach Simon Harris. “Property funds bulk buying is a direct result of Government policy. Over a decade ago Fine Gael rolled out the red carpet to these funds with sweetheart tax deals. You’ve renewed that policy year after year repeatedly choosing to value the interests of vulture funds over ordinary people looking to buy a home,” Ms McDonald said.
The Government had already introduced the higher stamp duty rate of 10 per cent compared to 1 per cent for individual homeowners and section 28 planning regulations that ensure that new developments cannot be sold in bulk and only to individual purchasers.
Housing-Commission Simon-Harris Mary-Lou-Mcdonald Central-Statistics-Office
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