‘The introduction of the higher stamp duty rate of 10% for the bulk purchase of houses is designed to dissuade the practice whereby institutional investors buy up homes that are close to completion, or fully completed, thereby denying first-time buyers the chance of acquiring and owning their own home. Ensuring that people have access to home ownership in this country is a priority for Government. Building up supply, after a year when construction was forced to close for a significant period of time, is key. Making sure people can access those homes, when they come on stream, is as important. This measure, together with the measures being introduced by Minister O’Brien, seek to address these issues and forge a path ahead that will allow more young people in Ireland to own their own home’.