Dáil debates

Tuesday, 30 November 2021

An tOrd Gnó - Order of Business

 

3:45 pm

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

I want to ask the Taoiseach about people trying to buy homes competing with investors. This is a message I received from a constituent:

Today I went...to...look at an apartment to buy. The estate agent automatically assumed I was an investor. The other person at the viewing was bidding on this particular apartment and another upstairs in the same building - with a view to buying both.... I have a well paid permanent job. How does anyone stand a chance...

A German investor is reported today as buying up 72 homes in Clonskeagh. In explaining its decision, it said, "Compared with other European ... [countries], rental yields are higher in Ireland." In Spain the government has taken measures to limit the roles of investors and investment funds. In Amsterdam measures have been brought in requiring people who buy homes to live in them. Will the Government consider similar measures here?

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