Ban on Investment Funds Purchasing Family Homes: Motion [Private Members]
Dail Éireann — 2026-02-17
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Ruth Coppinger (PBP), Dublin West

Yes. It is just factual and it is in the newspapers anyway. This is all from articles I have researched. Be Lettings and Vestry buy and sell from each other. It is unbelievable stuff. One effect of such house flipping in Dublin 15, in my own constituency, is that a three-bedroom, two-bathroom semi-detached house in Dublin 15 that was bought in November 2019 for €287,000 was sold in January 2025 for approximately €400,000. The transaction involved the same two companies that own each other. What is the Minister going to do about this? Seriously. As I said in a previous debate, I have to ring the sheriff to try to get these evictions put back. I cannot be the only TD in the House doing this. There must be other TDs doing the same. It is not my job to try to reorganise accommodation for people. If anything, it is the Minister's job.
I also want to make a point about the statutory declaration that these companies have to give. They can just get it from one of their other companies, and then they do not really sell on the property. I do not doubt that many of the new tenants who are going to be put into these evicted properties will be HAP tenants, which means the State will be paying the increase in the rent. There seems to be absolutely no interest from this Government in dealing with the vulture funds and investment funds that are eking out massive profits off the back of evictions and misery in suburbs, towns and counties throughout the State.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-17/debate/main
Retrieved: 2026-08-14T04:54:38+00:00
Sitting date: 2026-02-17