The Government is set to block investment funds from buying up entire housing estates, according to senior figures involved in the process.
The Irish Times reports that senior Coalition sources confirmed the move had been agreed between the parties, although discussions are continuing on how best to implement the policy.
The decision follows fierce Opposition criticism of the Government on the housing issue, following reports that entire developments of family homes had been bought by investment funds — something Opposition parties and housing campaigners say is squeezing families out of the housing market.
We do have to stop it. We can’t have people being kept out of the market
Speaking this morning, Coalition leader Minister Eamon Ryan said the Government had to stop investors from bulk-buying homes and freezing the public out of the market.
“We do have to stop it. We can’t have people being kept out of the market,”
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