Investment fund has purchased 80% of Kildare housing estate.
A Kildare based expert in housing says the investor purchase of housing in Ireland on a major scale is actually Government policy.
The purchase of 135 homes out of 170 in Mullen Park, Maynooth, by Round Hill Capital has caused outrage.
The investor takeover of homes is no accident – it’s Government policy. I explain in this piece why the Government does not want you to be able to afford to buy a home. Its policy has been to make buying & renting housing unaffordable (via @thejournal_ie) https://t.co/Rd4aAlQt6V
— Rory Hearne (@RoryHearneGaffs) May 5, 2021
Dr. Rory Hearne is Assistant Prof. in Social Policy at Maynooth University, and wrote extensively on the impact of successive government housing policy in an Op Ed in TheJournal.ie
Speaking to Kildare Today, he says perception of homes as investment assets became entrenched in the 1990s.
Dr. Hearne joined Clem Ryan on this morning's edition the programme
Whilst the government will face a motion in the Dáil tomorrow calling for an end to tax breaks for investment funds buying up Irish housing.
Proposals are being worked on by Housing Minister Darragh O'Brien and Finance Minister Paschal Donohoe to curb the impact of such funds.
Head of Mortgages with Finance One is Cian Carolan, he says for people trying to buy on their own it's particularly challenging:
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