Harris’ call for review of bulk-purchase of homes criticised as ‘spoof’

Simon Harris’ call for a review of the bulk purchase of homes has been criticised by Mary Lou McDonald as a “spoof”.

The Taoiseach and Fine Gael leader said on Monday that he wants to see a review of the bulk buying of homes by institutional investors on both tax and planning matters.

He said that, despite action taken by the Government, which he called “helpful” and “important”: “I do still hear too many examples as I go around the country of perhaps gaps that need to be plugged in relation to this.”

Sinn Féin leader Ms McDonald said government efforts to deter the bulk buying of homes are “failing”, stating that “hundreds” of homes have been bought by funds since the 10 per cent stamp duty was introduced.

“Far from being deterred, property funds – vulture funds – were in fact emboldened,” she said during Leaders’ Questions on Tuesday.

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