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

I want to ask about investment funds buying up homes. By the way, apartments are homes. Figures published today by PNB Paribas Real Estate show that institutional investors paid up to 32% more per home compared with individual household buyers. This is pushing up house prices and rents. While the number of homes being built is increasing each year, the number of homes available to buy is not increasing and remains stuck at only 7,500 homes a year. The share of new housing available for individual households to buy has decreased from more than half of annual output in 2017 to just one third last year. Will the Government end favourable tax treatment for investment funds to give individuals a fair chance to buy their own home? Is the Taoiseach concerned that the number of new-build homes available for individuals to buy is not increasing?

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