Planning

New measure to tackle land speculation set to generate €270m for local councils

The Department of Housing has published new details on the Land Value Sharing measure first announced as part of Housing for All

Darragh O’Brien, the minister for housing, has said the funds generated will be ring fenced for communities. Picture: Fergal Phillips

A new measure to clampdown on land speculation is expected to generate up to €270 million a year for councils, with the funds due to be ring fenced for local infrastructure.

The Department of Housing has today published an updated general scheme for the Land Value Sharing and Urban Development Zones Bill.

The measure, which was first announced as part of Housing for All in 2021, has been drafted by the government to address land ...