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Ministers Will Be Up-Date On Plans To Curb Influence Of Property Investment Funds.

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Kildare among the counties in which block-purchase of new homes has taken place.

Senior Ministers will be updated on proposals to curb the influence of property investment funds in Ireland at a meeting this morning.

Ministers Darragh O'Brien and Paschal Donohoe have been working on changes to planning and tax laws to stop investment funds buying up new housing estates.

In April, Round Hill Capital, an investment fund, purchased 135 out of 170 homes at Mullen Park, Maynooth.

While the formal proposals are not expected until later this week the Cabinet will be updated on progress this morning with the Taoiseach having said it's an immediate priority for his government.

This evening the Dáil will debate a motion by Sinn Féin on the impact of investment funds as political pressure mounts for Ministers to act.

Housing Spokesman Eoin Ó Broin explains his party's proposal:

Deputy Ó Broin expects it will get broad support on the opposition benches:

While The Taoiseach says housing remains the Government’s number one priority.

Kildare Senator, Fianna Fáil's Fiona O'Loughlin, raised the challenges facing young first time buyers in the Seánad on Tuesday afternoon.

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