Housing
Land Value Sharing Bill will drive up house prices
Lobby group warns ‘unintended consequence’ of bill will be rise of up to €35,000 in cost of private homes
Developers have said the government’s attempt to crack down on land speculation amounts to “state aid which will compromise future development of private housing”.
The Irish Home Builders Association (IHBA), a lobby group for residential developers, has complained to the government that social and affordable housing developers will have a “competitive advantage” over private market homebuilders when purchasing land because new Land Value Sharing (LVS) rules don’t apply to state housing schemes.
It added that ...