Over 400 Tipperary homes have been protected from bulk sales, according to new report

New Report highlights that 478 homes in Tipperary were prevented from bulk sale in the last two years. 

According to a new government report, 478 homes in Tipperary were prevented from bulk sale in the last two years. 

The Minister for Housing, Local Government and Heritage, Darragh O’Brien, published a progress update which looked at the effect of planning measures introduced in May 2021. 

The measures included planning conditions and a 10% stamp duty levy on the cumulative purchase of 10 or more residential houses in 12 months.

The aim was to stop houses and duplexes being bought in bulk. 

This week's update shows 478 homes in Tipperary County received planning permission with conditions restricting the bulk buying or multiple sales to a single purchaser in the two years between May 2021 and May 2023. 

Nationally, over 31,000 homes have been prevented from bulk sale in the last two years. 

The Ministerial Planning Guidelines are part of a series of government measures designed to prohibit the bulk buying of houses and duplexes in order to increase housing stock for home ownership.

Commenting on the data, the Minister O’Brien, said:

“The government is committed to supporting homeownership and to supporting first-time buyers. This data demonstrates that we have made the right interventions while continuing to point investment to where it is needed. 

“As well as restricting bulk buying, we are also boosting supply through our plan, Housing for All, with recent data for new home commencements and completions at record levels. The dream of owning a home is becoming a reality for more and more people, and we intend to keep this momentum going as we meet – and exceed – our annual targets.”

The breakdown of the 31,000 restrictions includes cases where An Bord Pleanála applied the planning condition prohibiting multiple sales (12,893 house and duplex units across all planning permissions) and where Local Authorities permitted schemes to proceed with a condition attached to prohibit multiple sales (18,111 residential units).