Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

The reality is that we back first-time buyers and we back renters. We brought in the renters' tax credit as well to help defray the costs there. The rental market is far from perfect. I know that.

On bulk purchase the Deputies will also know - as I have explained to Deputy Doherty earlier - that we have changed the planning law from May 2021. More than 40,000 homes now have the owner-occupier guarantee in place. That is there. It is a legacy issue that about 1% of properties have been purchased in that way and the 10% surcharge applies to those. I said already in response to Deputy Doherty that this rate should be reviewed and will be reviewed but let us put it in context as well; it is less than 1% of property transactions.

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