He said there would be discussion of the issue at tomorrow’s Cabinet meeting and he may bring an outline of options under consideration, but there will be no decision.The Government has been under pressure to curb the activities of large investment funds in the housing market, after it emerged that one investment trust had bought most of a new housing estate in Maynooth, Co Kildare.
He said: "We know this is important. We need to try to resolve it and we need to ensure the measures we bring forward are doable and will have a positive impact to making sure we don't have first-time buyers competing with large investment buyers." It is understood the Minister for Finance Paschal Donohoe will not be bringing specific proposals to Cabinet tomorrow.
Sinn Féin will maintain the pressure on the Government by debating a private members' motion tomorrow calling on it to restrict the activity of institutional investors in the residential property market.
Source: News Formal (newsformal.com)
We’re some bunch of misfortunes I swear to god, honestly, ould no chin here is literally the type of person we need to stop from buying all our houses and now he’s our minister for housing 😂😂😂 and people are just gonna sit back and do nothing 😂😂😂 fighting Irish my hole😂😂
all bluff snd no puff 👎👀
Empty words, meaningless.
RoryHearne
Shut the funds down NOW
Just put it into law, the end. No big investor funds National or international can buy up housing estates, like seriously put a bit humanitarian thinking behind our laws and govern for the good of Irish society and not for Greed. HousingCrisis
Didn’t said minister invest in large investment funds years ago? Isn’t that a conflict of interest?