Return vacant home to local housing market

A VACANT home in Clondalkin owned by a foreign investment fund should be returned to the local housing market or Compulsory Purchased by South Dublin County Council, according to People Before Profit representatives Gino Kenny TD and Cllr Madeleine Johansson.

A property they highlighted in North Clondalkin has been vacant for about two years.

The say the home is owned by the company Xerico Ltd which in turn is owned by a fund based in Luxembourg.

The fund called LRC RE-1, together with its subsidiaries, owns at least another 689 homes in Dublin alone.

TD Gino Kenny said it’s “outrageous” to have vacant homes in the middle of the worst housing crisis in the history of the state.

“There is no reason to leave a home empty for a long period of time.

“These faceless vulture funds have bought up large numbers of houses in Dublin and are now leaving some of them empty.”

Cllr Madeleine Johansson, who is facing eviction with other tenants in a Kilmainham apartment block, said there are very few properties available to rent at the moment in Dublin.

“There are also thousands of tenants with eviction notices who will have nowhere to go after the government ends the eviction ban at the end of March.

“Every single vacant home must be brought back into use immediately or compulsory purchased by local authorities for social housing.”

For full access to all content on Echo.ie and to support the continuation of local news and local journalism in your community subscribe HERE.

Thanks for your ongoing support.