Ireland’s Minister for Finance, Paschal Donohoe TD, has brought a Financial Resolution before the Dáil to impose a stamp duty charge of 10 percent on the purchase of 10 or more residential houses in Ireland within a 12-month period.

This compares to the 1 percent stamp duty rate that would typically apply to the purchase of a residential house valued at €1,000,000 or less.

Law firm Walkers explained that this stamp duty measure, as well as the other planning measures will have a significant impact on institutional investors and developers, deterring them from bulk buying homes.

The move - which comes into...