On Air Now

Sportsbeat

2:00pm - 6:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Miley Cyrus

Flowers

Purchase Of Majority Of Kildare Housing Estate By Investment Trust Sharply Criticised.

Round Hill Capital has purchased 135 homes in Maynooth,

135 brand new houses which had been up for sale in Maynooth, Co Kildare are being taken off the market.

It's because a real estate investment trust called Round Hill Capital secured a 53 million euro deal with the builder to buy out four fifths of the new estate.

It's been sharply criticised by local TDs -- who say house-hunters who'd signed up to the waiting list ahead of the sale have been badly let down.

Dr Lorcan Sirr, senior lecturer in housing policy at TU Dublin, says REITs are increasingly renting these properties back to the state.

More from Local News

Stay tuned to Kfm!

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

Kfm Kildare Weather

  • Sun

    Heavy rain shower

    17°C

  • Mon

    Sunny intervals

    19°C

  • Tue

    Heavy rain shower

    19°C

  • Wed

    Sunny intervals

    21°C

  • Thu

    Light rain

    18°C