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Limiting cuckoo funds’ borrowing ‘a better way of cooling rental market than caps’, EU report finds

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Rent caps could generate price distortions, the ESRB report said. Photo: Stock image

Rent caps could generate price distortions, the ESRB report said. Photo: Stock image

Rent caps could generate price distortions, the ESRB report said. Photo: Stock image

Limits on the amount cuckoo funds can borrow to fund real estate development would be better at cooling rents than a rent cap, an EU report has found.

The study by the European Systemic Risk Board (ESRB) – one of the bloc’s main financial watchdogs –  also called out “high” debt levels among Irish-domiciled property funds.


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