A senator is calling for a ban on investment funds bulk-buying apartments in Ireland.
Senator Rebecca Moynihan’s call comes in the wake of a new report by Banking and Payments Federation Ireland (BPFI) released today.
The report found the number of First Time Buyers (FTBs) aged 30 or under more than halved in the last 16 years, reportedly falling from 60% in 2004 to 27% in 2020.
It also noted the current average age of FTBs in 2021 was 34 years old.
According to Senator Moynihan, young people are paying the price for government’s investor-led approach to housing.
Speaking on the issue, she said, “The housing crisis is worse than ever before. We have thousands of homeless people, extortionate rents, increasing house prices, a lack of housing supply and a generation of young people locked out of home ownership. All the while, investment funds are gobbling up homes in
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