Dáil set to tackle cuckoo funds over buy-to-rent

Local authorities could be given new powers to force developers to ring-fence a third of all homes for first-time buyers in a bid to stop “cuckoo fund” investment firms snapping up large chunks of the market.

Fianna Fáil housing spokesman Darragh O’Brien is expected to table a bill seeking the strict new rules tomorrow amid growing concern over the influence of “buy-to-rent” investment firms in this country.