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Tuesday 28 November 2023 Dublin: 3°C

# cuckoo funds

Last year
Call for Government to close rent pressure zone loopholes
The calls come amid reports that a US property giant plans to push up rents over current rent pressure zone limits.
All time
Housing minister has had no discussions about cuckoo fund trade shows, says Dept
The Department of Finance has said the Housing for All plan states that it will engage with institutional investors, including through trade show events.
Cuckoo funds are said to be playing a role in Ireland's housing market, but what impact are they having?
The Government has come under fire for passing an amendment to allow tax breaks for the funds.
Dáil passes controversial amendment allowing cuckoo funds to avoid 10% stamp duty
The amendment passed despite Sinn Féin withdrawing from a pairing arrangement.
Morning Memo: Going cuckoo
Opposition TDs have accused the government of sneaking in an exemption for big investors.
Quiz: How much do you know about cuckoos and vultures?
Don’t get in a flap about this.
Dáil approves proposal for 10% stamp duty for bulk purchases of 10 or more properties
The tax change will be effective from tomorrow.
Donohoe says government's new housing measures will act as 'strong deterrent' to cuckoo funds
The opposition, however, doesn’t agree and the plans have been described as a “too little, too late”.
Dr Rory Hearne: Investors received a clear message from Government last night - 'keep buying, you're flying'
The housing analyst responds to last night’s announcement by Government on investment funds and property.
Up to 50% of future housing estates to be set aside for owner-occupiers, Ministers announce
The proposal would apply to all those buying a home for residential purposes.
The new measures will also see the purchase of more than 10 residential houses facing an increased stamp duty of 10%.
The higher stamp duty rate does not apply to the bulk buying of apartments by investment funds
Housing Minister Darragh O'Brien and Finance Minister Paschal Donohoe outlined the proposals at a press briefing this evening.
Second Cabinet meeting this evening to deal with tax changes for cuckoo funds
Over 25,000 people sign petition calling for government to scrap tax breaks for cuckoo funds
Second Cabinet meeting this evening to deal with tax changes for cuckoo funds
The ring-fencing of houses in new developments for first-time buyers, owner occupiers, as well as the issue of stamp duty is being discussed by Cabinet.
Over 25,000 people sign petition calling for government to scrap tax breaks for cuckoo funds
Cabinet is set to discuss proposals on housing today.
Proposals to tackle housing investment funds to go before Cabinet next week
Depending on what changes are required, and what passage of legislation or amendments are needed, it could take a number of weeks to get changes over the line, say sources.
Ministers meet to discuss cuckoo funds proposals but no definitive timeline yet on crackdown measures
It could be a “number of weeks” before new measures are announced, say sources.
Options to deal with cuckoo funds won't be ready for Cabinet tomorrow, but 'suite of measures' ready this week
In an interview with The Journal this morning, the minister said he “isn’t ruling anything out”.
Govt accused of frustrating 'hopes and dreams' of families as it commits to action on global funds buying housing estates
The Housing Minister has said that proposals could be tabled as early as next week.
Government to support Soc Dems legislation to stop state deals with cuckoo funds
The legislation, drafted by Social Democrats Housing spokesperson Cian O’Callaghan, will be debated today in the Dáil.
Investment funds buying whole estates is 'undesirable' and the government needs to act, says Leo Varadkar
Housing Minister Darragh O’Brien says a Bill he introduced in 2019 on the issue is “still valid”.
Opinion: Every government has a choice - this one could ban cuckoo funds from buying up Irish homes
Pitting first-time buyers against cuckoo funds is a recipe for disaster, writes Cian O’Callaghan of the Social Democrats.
Explainer: What are cuckoo funds and why are people complaining about them?
Between 2012 and 2018, block purchasers bought 9,291 units in Dublin.
'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year
Rent rises to continue as corporate investors spend record amounts on Irish property
A new report forecasts that rents will rise by 17% in the next three years.