Irish government policy is incentivising property funds to buy up entire housing estates, say opposition
Round Hill Capital bought 135 homes at a new development in Kildare. By Ian Curran Tuesday 4 May 2021, 3:54 PM 8 hours ago 17,708 Views 51 Comments
Sinn Féin housing spokesperson Eoin Ó Broin today
Image: Leah Farrell
Image: Leah Farrell
SOLUTIONS TO THE issue of global investment funds buying up entire estates to be placed on the rental market can be found in the tax code, Sinn Féin housing spokesperson Eoin Ó Broin has said this afternoon.
Last Sunday, the Business Post reported that Round Hill Capital and its partner SFO Capital, have just inked a deal to buy 135 of 170 houses at the Mullen Park estate in Maynooth in Co Kildare.
Analysis: O’Brien needs to act to make sure Mullen Park does not happen again and again The Minister for Housing will not want to scare off property investment funds entirely but he must find a way to redress the balance so that home ownership is not out of reach for so many 4th May, 2021
Darragh O’Brien, the Minister for Housing, brought forward his own private members bill in 2019 when he was in opposition requiring 30 per cent of all housing in new developments to be ring-fenced for first-time buyers. Picture: Rollingnews.ie
When Darragh O’Brien was in opposition, he was very critical of so-called “cuckoo funds”. This is the unflattering nickname for investment funds which swoop in and buy an entire housing development ahead of first-time buyers looking to make their own nests.
Locked out - first-time buyers gazumped by investors rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Global property investment firm buys most of 170-home estate in Kildare Round Hill Capital to put 135 houses at Mullen Park in Maynooth on rental market after deal believed to be worth €54 million 2nd May, 2021
Mullen Park estate in Maynooth in Co Kildare had been marketing new homes on the estate to private buyers since last year, with around 35 sold so far
A global property investment firm with a €1 billion war chest has pushed out first-time buyers by purchasing most of a 170-home estate in the commuter belt.
The developers of the Mullen Park estate in Maynooth in Co Kildare had been marketing new homes on the estate to private buyers since last year, with around 35 sold so far.
Hunter Park project gets $20,000 TSET boost mcalesternews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcalesternews.com Daily Mail and Mail on Sunday newspapers.