Property funds bulk buy 350 homes despite ‘Mullen Park’ stamp duty levy
Figures show that the funds have spent over €100 million since the government attempted to limit the practice
Property investors and institutional funds have bulk bought more than 350 houses at a cost of over €100 million since the government attempted to limit the practice, the Business Post has learned.
The figures show the funds have paid levies of more than €30,000 per home to secure the properties, which is ten times the regular stamp duty levy owed when a property is purchased.
Last year, in an attempt to discourage institutional funds from ...