Darragh O’Brien hopes to rule out multiple purchases in developments with a density below 40 units per hectareMinisters want to change planning regulations within weeks to ban multiple property purchases in developments below a certain density. SponsoredThe move, led by Darragh O’Brien, the housing minister, would not apply retrospectively to any developments that already have planning permission. One government source said the plan would rule out multiple purchases in developments with a density below 40 units per hectare. Bulk buying could be limited to densities above 50 units per hectare. O’Brien said yesterday that so-called cuckoo funds had purchased “in or about 1 per cent of total housing stock” in recent years, but he

Source: The Times May 10, 2021 23:02 UTC