Government to block investment funds from buying up housing estates – The Irish Times

The Government will move to block investment funds from buying up entire housing estates, according to senior figures involved in the process.

Discussions are continuing within Government as to how best to implement the policy, but senior Coalition sources confirmed that the move had been agreed between the parties.

The decision comes after fierce Opposition criticism of the Government on the housing issue, following reports that entire developments of family homes had been bought by investment funds, a trend that Opposition parties and housing campaigners said was squeezing families out of the housing market.

Both Taoiseach Micheál Martin and Tánaiste Leo Varadkar yesterday expressed their unhappiness with the practice, with Mr Martin telling the Dáil that it was “unacceptable” and “will be examined”.

But sources involved in behind-the-scenes discussions said the party leaders had taken the decision to bring the practice to an end and officials were examining ways of

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