The Housing and Finance ministers are expected to bring proposals to the Cabinet this morning to prevent the bulk purchase of housing estates by investment funds.
According to RTÉ News, Minister for Housing Darragh O'Brien is to brief ministers on proposals to issue a circular to local authorities banning them from granting planning for developments of houses and duplexes which could be sold in bulk to investment funds.
He is also proposing to ring-fence a proportion of new developments for first time buyers and other purchasers.
Minister for Finance Paschal Donohoe will also bring taxation plans to Cabinet which may see investment funds charged stamp duty on certain residential purchases.
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