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.
In 2020, Dún Laoghaire-Rathdown County Council paid an average of €18,698 per social housing lease, Dublin City Council (€18,605), and Fingal (€17,840) and South Dublin county councils (€17,751). https://t.co/doeyMeR6dx
— The Irish Times (@IrishTimes) July 12, 2021
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