Proposals to cap cuckoo fund activity in market slammed as 'ineffective'

Proposals to allocate 50% of new builds for first-time buyers would not apply to existing planning permissions, which opposition TDs say undermines the effort entirely.

TDs say the new measures will not be effective as the thousands of homes in the planning system at present will not be covered. File Image.

Government proposals to alleviate the housing crisis in the face of criticism over the presence of institutional investors in the market have been labelled as “nothing short of scandalous”.

Housing Minister Darragh O’Brien will tomorrow bring proposals to Cabinet which would see 50% of homes in new housing developments set aside for first-time buyers in order to make the market more accessible.