Cian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

The Taoiseach has told us that he and the Government are against global investment funds buying up suburban housing estates. There is nothing new in what is happening. In 2009, the Construction Industry Federation, CIF, stated that 95% of new build apartments were being bought up by these funds, leaving only 5% for everyone else. Is the Government going to act not just on suburban housing estates but also on apartments, new-build housing in cities - or perhaps the Government is concerned only with suburbs - and will it introduce a ban on real estate investment trusts, REITs, buying up apartments and houses, as has been done in Germany, to stop this practice?

See this speech in context