On Air Now Tommy Greene Noon - 4:00pm Email
Now Playing Brand New Day Kodaline

Government's Move Against Investment Funds Doesn't Impress Opposition

The government's plans to tackle the influence of investment funds on the property market have been criticised by the opposition for not going far enough.

From midnight tonight stamp duty of 10 per cent will apply to the purchase of 10 or more residential houses - but apartments are exempt.
While local authorities will be instructed by a circular not to allow bulk buying of houses and duplexes - with legislation to follow that will reserve up to 50 per cent of new developments for owner occupiers.
But this will only apply to future planning permissions.
Finance Minister Paschal Donohoe has defended the decision to allow investment funds to still buy up apartment blocks

More from East Coast FM Wicklow News

Later...

Co Wicklow Weather

  • Bray

    Low-level cloud

    High: 12°C | Low: 10°C

  • Wicklow

    Heavy Rain

    High: 13°C | Low: 10°C

  • Arklow

    Heavy Rain

    High: 12°C | Low: 10°C

  • Blessington

    Light rain

    High: 10°C | Low: 7°C

  • Baltinglass

    Heavy Rain

    High: 11°C | Low: 8°C

Listen Live