Up to 50% of future housing estates to be set aside for owner-occupiers, Ministers announce – TheJournal.ie

Image: Eamonn Farrell/RollingNews.ie Image: Eamonn Farrell/RollingNews.ie

UP TO 50% of future housing estates are to be set aside for purchase by owner-occupiers, as the government seeks to curb the influence of so-called ‘cuckoo funds’ on the property market. 

Housing Minister Darragh O’Brien has announced new planning measures to mitigate against the bulk purchases of houses and duplexes and plans to earmark homes in certain developments for owner occupiers. 

An “owner occupier guarantee” will be introduced through legislative amendment which enable Local Authorities to designate a specified number of houses and duplexes with a predetermined range of at least 0-50% in a development for owner occupiers. 

O’Brien said that from tomorrow, he will be issuing a circular under Section 28 of the Planning and Development Act that will “fundamentally ban

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