On Air Now

More Music Saturday

11:00am - 2:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Ella Langley

Choosin' Texas

Major Landlord’s €31.75m Purchase Of 77 Naas Apartments Draws Political Criticism

The criticism comes as the latest Daft.ie figures show how rents are now one third more expensive than before covid, and are 80 per cent higher than they were 10 years ago.

A major apartment purchase in Naas has prompted political criticism of Government housing policy.

Social Democrats housing spokesperson Rory Hearne says the move by Ires Reit to acquire 77 apartments in the town for €31.75 million highlights what he claims is the prioritisation of "corporate landlords over those struggling to rent or desperate to buy a home".

Deputy Hearne argued that the transaction demonstrates that current policy settings continue to allow investor funds to "bulk-buy housing stock".

He also said rental law changes due to take effect on March 1st will favour "corporate landlords".

The criticism comes as the latest Daft.ie figures show how rents are now one third more expensive than before covid, and are 80 per cent higher than they were 10 years ago.

More from Local News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Sat

    Sunny intervals

    20°C

  • Sun

    Light rain

    20°C

  • Mon

    Sunny intervals

    23°C

  • Tue

    Medium-level cloud

    19°C

  • Wed

    Light rain shower

    19°C