Sharp rise in number of homes bought by investment funds

Sinn Féin TD Pearse Doherty said the figures show the need for the Government to back a motion by his party aimed at increasing the stamp duty on investment funds. Picture:Gareth Chaney/Collins

The number of houses bought by investment funds has risen in recent years, despite Government moves to dissuade institutional investors from snapping up family homes.

Newly-released figures from the Department of Finance show that a total of 623 homes were bought by 16 investors in 2023, compared to 395 the year before and 187 in 2021.