On Air Now

11 to 3 with John Dunne

11:00am - 3:00pm

  • 045 901 490
  • 0833-979797

Now Playing

The Academic

Superlike

Almost 1,000 Homes Leased From Investment Funds For Social Housing.

Stock image: Shutterstock

The leases average 25 years in duration.

Almost 1,000 homes in Dublin have been leased from investment funds and property developers for social housing.

The Irish Times reports that the county's four local authorities are setting the properties in leases up to 25 years in length.

The Government announced plans to clamp down on so-called cuckoo funds earlier this year, by increasing stamp duty to 10 percent for investors bulk buying property.

More from National News

Stay tuned to Kfm!

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

Kfm Kildare Weather

  • Fri

    Light rain shower

    10°C

  • Sat

    Light rain shower

    11°C

  • Sun

    Sunny intervals

    12°C

  • Mon

    Heavy Rain

    13°C