Vulture Funds Have Snapped Up 56 Homes In Kildare Since 2021

Wednesday, 24 January 2024 14:44

By Martin Osborne

This evening the Dáil will vote on a Sinn Féin motion to tackle the practice of investment funds bulk-purchasing homes.

Vulture funds have snapped up 56 homes in Kildare since January 2021.

Figures released in response to a Parliamentary Question from Sinn Féin Finance spokesperson Pearse Doherty revealed that 1,205 homes across the country have been acquired by such funds during the same period.

This evening the Dáil will vote on a Sinn Féin motion to tackle the practice of investment funds bulk-purchasing homes.

The Taoiseach has warned that any changes to stamp duty on bulk property purchases could have unforeseen consequences.

Sinn Fein is looking for the Government to raise the rate from 10 to 17 per cent to prevent investment funds buying multiple homes in estates.

Sinn Féin TD for Kildare North, Réada Cronin, said: "Unless the Dáil tonight votes in favour of adopting Sinn Féin’s proposals, these funds will continue to snap up homes that should be available for workers and families to buy."

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