Government asks AG about legality of ban on housing estate bulk-buys Darragh O’Brien says tax treatment of investment funds was long-term resolution
about 9 hours ago Updated: about 8 hours ago
New homes at Mullen Park, Maynooth, Co Kildare. Round Hill, a multinational investment company, is in discussions to buy 115 homes at the development. Photograph: Dara Mac Dónaill
The Attorney-General is being consulted by Government to ascertain if its proposal to prevent so-called cuckoo funds from buying up entire housing development in the suburbs will amount to a breach of Constitutional rights on property.
Minister for Housing Darragh O’Brien and Minister for Finance Paschal Donohoe are working on options to address the practise where large international investment funds have moved into the residential housing market.