Call to strengthen legislation as 47,000 Irish homes owned by vulture funds

Focus Ireland has urged the Government to implement legislation to protect vulnerable homeowners and tenants from vulture funds, warning that thousands of people could be at risk of being removed from their homes.

The organisation launched the campaign claiming the Government needed to target the funds which were making profits thanks to weak laws and loopholes.

Recent figures issued by the Central Bank showed up to 47,000 Irish homes are now owned by vulture funds, and Focus Ireland has used that data to estimate the likely number of such properties around the country.