More than 1,000 homes at Dublin site will not be protected from fund investors Application for O’Devaney Garden in blocks up to 14 storeys submitted to An Bord Pleanála
about 8 hours ago
Olivia Kelly Dublin Editor Listen now 6:42
The O’Devaney Gardens social housing complex near the Phoenix Park in Dublin 7 currently under construction. Photograph: Alan Betson/The Irish Times
Your Web Browser may be out of date. If you are using Internet Explorer 9, 10 or 11 our Audio player will not work properly.
None of the 1,047 homes planned for the site of O’Devaney Gardens in Dublin 7 will be protected by new planning rules to prevent “bulk buying” of homes by investment companies, it has emerged.
Housing crisis: Sharp hike in stamp duty considered to deter bulk-buying of homes by investors Local authorities may be blocked from agreeing long-term leases with investment funds
about 8 hours ago Updated: about an hour ago
Speaking in the Dáil, Taoiseach Micheál Martin said, “we do not want institutional investors competing with first-time buyers. Our priority is first-time buyers.” Video: Oireachtas
If an intervention on stamp duty applying to multiple unit sales was pursued, sources said it would have to be carefully designed as not to impact buyers such as approved housing bodies and local authorities. File photograph: iStock