Government awaiting legal advice before tackling investor home bulk-buying

Housing Minister Darragh O'Brien says he needed to ensure there are no 'unintended consequences' to new regulations, such as inhibiting housing associations from delivering cost rental homes or social homes

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

Ministers are awaiting "legal advice" before signing off on proposals that would disincentivise bulk-buying of estates by investors.

Housing Minister Darragh O'Brien and Finance Minister Paschal Donohoe will work through the weekend in order to bring the new proposals to cabinet on Tuesday, which will focus on "tax and planning".