A Donegal TD is calling for a ban on the block purchase of residential properties by international investment funds.
Sinn Fein will bring a motion before the Dáil this week which will also demand funds pay ‘appropriate’ levels of tax.
It comes as some affordable housing bodies are being outbid by international investment funds by up to 80,000 euro per home.
Sinn Féin Finance spokesperson, Pearse Doherty, says government needs to urgently address the issue:
It’s also emerged that proposals for dealing with institutional investors buying up housing estates won’t be ready in time for tomorrow’s cabinet meeting.
Minister Darragh O’Brien has said he won’t have a solution presented for his Ministerial colleagues tomorrow: