Shares in the country’s biggest listed landlord are up today as investors bet government measures to tackle cuckoo funds will not hit profits or rein in house prices. Shares in one of Ireland’s listed builders Glenveagh Properties, which builds for the cuckoo fund sector, are also up. “The expectation among some investors were worse in that there was a risk the measures would have gone further than they have done. Mr O’Leary said he does not believe the measures will lead to a decrease in housing prices over the coming months. The government action comes following controversy over cuckoo funds buying up large numbers of houses in new estates.

Source: Irish Independent May 19, 2021 09:22 UTC