investment companies

  • There is a solution to the present housing crisis and the impact of investment companies and vulture funds on the housing market, according to Mayo Sinn Fein deputy Rose Conway Walsh.

    Fianna Fail and Fine Gael in government have devised the tax breaks and packages for the companies that are now buying out all the houses in newly completed housing developments in both Kildare and Dublin, the deputy claims.

    She raised the matter in the Dail yesterday and told the government parties to “own” the housing crisis and the tax policies that give an unfair advantage to property investment companies.

    She says she’s astounded to see the surprise expressed by Fianna Fáil and Fine Gael TDs about vulture funds snapping up houses at the expense of workers and families.

    She insists it’s time to abandon, what she terms “the failed” Rebuilding Ireland housing policy and it’s over reliance on the private sector to meet social and affordable housing need. 

    Deputy Conway Walsh  told Midwest News Editor Teresa O’Malley that she was astounded at Fianna Fail and Fine Gael TDs reactions to the reality of the housing market..