Institutional investors buy bulk of a housing estate every 30 days

Figures released to Mr Doherty on Wednesday show a sharp rise in the purchase of homes by funds since the Government opted in May 2021 to levy a 10% stamp duty rate on anyone who buys more than 10 homes in a year. File picture

The bulk of a housing estate is bought by an institutional investor every 30 days, the Dáil has been told.

Sinn Féin's Pearse Doherty raised the issue during Leaders' Questions on Thursday, citing the example of a Dublin development where 46 out of 54 houses at Belcamp Manor in Balgriffin in Dublin were bought for over €21.5m by an investment fund.