Local authorities across the country will now not allow bulk buying of houses and duplexes.
Legislation’s to follow that will reserve up to 50% of new developments for owner occupiers. But this appies to future planning permissions.
And later tonight stamp duty of 10% could apply to the purchase of ten or more residential houses, but apartments are exempt.
It’s after the Government last night laid out plans to tackle the influence of investment funds.
Those plans have been savaged by the Opposition for not going far enough.
The Dáil will pass an emergency financial resolution this evening allowing the revised stamp duty measures to come into force at midnight, after what’s expected to be a heated debate.