Cuckoo funds drive up house costs by €80k as housing charity raises ‘serious concerns’ over singletons’ ren… – The Irish Sun

CUCKOO funds are spreading their wings across the country and driving up the cost of some houses by up to €80,000, the Dail heard yesterday.

It comes as the national housing charity Threshold today expresses “serious concerns” about the ability of single people to be able to afford rent, as a new report shows rents are continuing to sky rocket.

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Sinn Fein leader Mary Lou McDonald claimed investment funds were robbing people of the chance to buy their own homesCredit: PA:Press Association

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Taoiseach Micheal Martin said the Government is undertaking the largest social housing programme in the history of the StateCredit: Alamy

The Government has come under immense pressure over the housing crisis in the past week after it emerged that an investment fund snapped up 135 houses in one estate in Co Kildare — outpricing first-time buyers who were trying to get on the property ladder.

Sinn Fein leader Mary

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