Move to restrict bulk-buying unlikely to increase supply, say industry figures Threshold set too high, with over-emphasis on first-time buyers to the neglect of renters about 6 hours ago New homes at Bay Meadows, Hollystown, Dublin 15. The entire estate of 112 houses was bought by Round Hill Capital earlier this month. Photograph: Dara Mac Dónaill/The Irish Times
Government plans to restrict the bulk-buying of homes in housing estates are unlikely to result in significant supply increases for owner-occupiers, property industry figures have said. The Government is to clamp down on house purchases by large investors by increasing stamp duty to 10 per cent on the purchase of more than 10 houses.