Dublin City Council voted unanimously calling for immediate government action to tackle vulture funds.
The vote was described as “hugely important” by Cllr. Daithí Doolan whose Sinn Fein party sponsored the motion.
“Culture funds preying on the Irish housing market is wrong. It should not be allowed, but it is nothing new. Investment funds have been allowed to buy up 13,026 residential properties in Dublin between 2016 and 2020. This is as a direct result of consecutive Government’s housing policy and is having a very negative and immediate impact on Dublin’s housing crisis,” he said.