Ibec calls for property taxes to be used to cut housing developer fees

The business lobby group says its ideas could reduce the price of a €400,000 home by €30,000

The group has said the housing crisis is a major threat to business investment. Picture: Getty

Ibec, the business lobby group, has called for property taxes to be used to cut development levies.

The organisation claimed the move, along with several other fiscal policy changes, would reduce the cost of a typical €400,000 new home by €30,000.

In a report published today, Ibec said the government must “urgently deliver a suite of ambitious policies” to speed up the delivery of housing.

A recent poll carried out by the group found 70 ...