Young homeownership quagmire gone on far too long, Varadkar admits

Parties were debating measures to tackle cuckoo funds block-buying in new housing estates after a global property investment firm bought most of a 170-home estate in Maynooth

Construction work taking place in the Bay Meadows housing development in Dublin 15. All 112 houses have been bought by global investment company Round Hill Company, to be put on the rental market. Photo: Sam Boal / RollingNews.ie

New plans to tackle investment funds block-buying in new housing estates will go to Cabinet next Tuesday, Tánaiste Leo Varadkar has said.

Mr Varadkar insisted the Government is making progress on housing, but "accepted" so far it is not enough.