Social Democrats To Table Bill To End Bulk Home Purchase By Institutional Investors.

Monday, 3 May 2021 12:53

The move follows the acquisition of 135 homes by an investment fund in a new Maynooth housing estate,

The Government is turning social homes into an investment opportunity for developers and international funds.

Long term leasing will mean a cliff edge of evictions in years to come.

The Social Democrats are tabling a Bill this week to end these sweetheart deals for developers: pic.twitter.com/5UXYmrcwFI
— Cian O'Callaghan T.D. (@OCallaghanCian) May 3, 2021

The Social Democrats are calling for an end to institutional investors snapping up large numbers of houses.

It's emerged that a trust called Round Hill Capital has bought 135 homes in Maynooth, about 80 percent of the whole development.

Locals are angry because some had put their names on waiting lists, and believe they've been let down.

Social Democrats Housing Spokesperson Cian O'Callaghan says the Government could do two things to sort this:

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