Concerns about rent hikes after 'cuckoo funds' snap up thousands of homes

📆 4/8/2019 1:08 PM
📰 IrishMirror

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Experts warn of rent hikes as nearly 3,000 homes snapped up by 'cuckoo funds'

Experts have raised concerns about rent hikes after it was revealed that nearly 3,000 homes were snapped up by big corporations last year.They are referred to as "cuckoo funds" because they buy the units before individual buyers have the opportunity to do so.

A total of 2,923 housing units were bought in “block purchases” last year- five times greater than in 2017, the Irish Independent reports.

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