Housing

Less than 1 per cent of new homes bulk purchased by funds since 2021, government claims

The first leaders question of 2024 focused on revelations by the Business Post that Deutsche Bank’s investment arm acquired 85 per cent of homes in Belcamp Manor in Dublin

Heather Humphreys has claimed that less than 1 per cent of new homes purchased since 2021 have been bulk purchased by investment funds. Picture: Getty Images

Heather Humphreys has claimed that less than 1 per cent of new homes purchased since 2021 have been bulk purchased by investment funds.

The social protection minister was responding to Mary Lou McDonald, the Sinn Féin leader, at leaders questions in the Dáil, who raised revelations by the Business Post that Deutsche Bank’s investment arm acquired 85 per cent of homes in Belcamp Manor in Dublin, which are now being advertised to rent at €3,175 ...