Mayo TD calls for Dáil support to stop vulture funds buying up homes
Rose Conway-Walsh stock pic
Sinn Féin spokesperson on Public Expenditure and TD for Mayo, Rose Conway-Walsh, has called on the Dáil to support Sinn Féin’s motion to stop vulture funds from bulk-purchasing homes from under the feet of struggling home buyers.
The Mayo TD was speaking after the Department of Finance released figures to Sinn Féin showing that over 1,200 homes have been snapped up by funds since the government’s increased stamp duty was introduced.
Deputy Conway-Walsh said: “This week the Dáil will vote on our motion to tackle the unacceptable practice of investment funds snapping up family homes.
“The purchase of 46 family homes at Belcamp Manor in Balgriffin in Dublin by an investment fund is another blow to struggling first time buyers.
“Figures released to Sinn Féin by the Department of Finance show that since the government’s half-baked measures were introduced, over 1,200 homes have been snapped up by these funds.
“These are more than 1,200 homes that should have been available to workers and families to buy.
“Last year alone, over 620 homes were bought from under struggling home buyers.
“Unless Sinn Féin’s proposals to stop this are introduced, funds will continue to snap up homes that should be available for workers and families to buy."
