Dáil debates

Wednesday, 1 May 2024

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

 

12:40 pm

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

I want to ask the Taoiseach about the stamp duty on the bulk purchase of homes. There have been multiple instances of funds buying up housing estates. Earlier this year, 85% of homes in Belcamp Manor were bought up by an investment fund. At the time, the Government committed to reviewing the ineffective stamp duty on bulk purchases, which is at just 10%. That review has now been concluded and, incredibly, the Government has decided not to do anything and not to act. Can the Taoiseach tell me why the Government has decided not to act on this and why is it siding with investment funds that are snapping up homes?

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