Planning

Land speculation clampdown could hamper construction of new builds, Dáil committee to hear

IPAV is due to tell Oireachtas committee on housing that land value sharing could have ‘unintended consequences’

Darragh O’Brien, the Minister for Housing, is bringing in a new “land value sharing” mechanism which will allow the state to take 30 per cent of the value of any increase in the value of land newly zoned for housing. Picture: Getty

Auctioneers and valuers will warn that the government's clampdown on land speculation could reduce new home construction.

Darragh O’Brien, the Minister for Housing, is bringing in a new “land value sharing” mechanism which will allow the state to take 30 per cent of the value of any increase in the value of land newly zoned for housing.

The measure is aimed at reducing the windfall gains for landowners and to help the government fund the ...