May 6, 2021
Government indulgence of investment funds threatening disaster for Kerry housing market – Pa Daly TD

Sinn Féin TD for Kerry, Pa Daly, has called for urgent action by the government to ensure fairness in the Kerry housing market.

Teachta Daly said:

“Reports of entire estates being purchased before they are put on sale, meaning first time buyers are being outbid by investment funds, is very frustrating.

“In Kerry we are facing the exact same issues, as Remcoll, who were involved with Skellig Star in Caherciveen, purchased an entire estate of 42 houses in Sneem. Remcoll’s business model relies on private rental for profit. 

“Areas like Sneem are becoming denuded completely of young people and their families as consequence of the government’s housing policy.

“The government’s response this week that they would seek to limit the amount of housing an investment fund could buy in one estate to 70%, is not good enough. The tax breaks these funds enjoy must end, and end urgently.

“This greed will continue to distort the market for housing for many years to come.

“Young people in Kerry should be confident they can buy a home, set down roots and contribute to the economic and cultural life of towns such as Sneem.”

Follow us online

Latest Tweets

📻 Sinn Féin spokesperson on Health @davidcullinane will be live on @morningireland today, from 8:15am.

Listen here:

Scoliosis Scandal: @KathleenSF1 says we need a child-centred, independent investigation into the scoliosis scandal which has seen unapproved metal implants being used in surgical procedures, resulting in poor outcomes for many children. #RTÉtwip #TWIP

📺 Sinn Féin spokesperson on Children @Kathleensf1 will be live on @rtetwip today from 12noon.

Watch here:


Load More