Dáil debates

Thursday, 8 February 2024

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

 

12:40 pm

Photo of Gino KennyGino Kenny (Dublin Mid West, People Before Profit Alliance) | Oireachtas source

Institutional investment funds play a major role in the rental sector and I would suggest that this has a very detrimental effect. They bought very cheap about a decade ago and now rent very high. These funds come in many forms with many names. This is a family show so I will not mention some of the names people have for them. In recent months, a plebiscite was held in Berlin with regard to property bought by these large funds. Berliners have, by popular vote, told the state government to confiscate the assets of these large corporate bodies. Is it now time to stop the influence of these corporate funds and confiscate the assets they have essentially robbed from the State?

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