Taoiseach says Government doesn't want property funds outbidding first time buyers

It comes as some international funds are paying up to 80,000 euro more for properties in certain areas

Affordable housing bodies have been outbid on more than 400 new homes in the last month.

Sinn Fein's calling for investment funds to be banned from block buying residential properties in future.

Taoiseach Micheál Martin says the government's currently considering  how best to address the issue:

"We don't want these funds out bidding first time buyers are approved housing bodies for that matter. And they came in about eight years ago, focusing on high density, build to rent complexes and never envisaged that they would be moving into suburban estates and opening first time buyers, and then something that somebody dealing with no and ministers of finance news for housing, would be coming back to Government recommendations in relation to dealing with that issue."

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