Sunday March 29, 2020

Land-hoarding penalty proves to be weak deterrent, report finds

The vacant site register was introduced in 2018 to encourage owners of idle land to develop or sell their properties

Killian Woods

Business reporter

@killianwoods
1st March, 2020
A vacant site register was introduced in 2018 to encourage owners of idle land, to either develop or sell their property

A penalty to prevent the hoarding of undeveloped land has had minimal effect, a European Commission report has revealed.

A vacant site register was introduced in 2018 to encourage owners of idle land, which could be used for housing, to either develop or sell their property.

Owners of sites registered as vacant in January 2019 were subject to a 3 per cent fine based on the market value of the property. The fine has risen to...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

4 Eglinton Park in Donnybrook, Dublin 4 spent years divided into apartments, but has since been given an appealing makeover

Ros Drinkwater | 5 hours ago

This detached home in a sought-after estate has an asking price of €685,000

Tina-Marie O'Neill | 5 hours ago

House buyers and sellers alike are holding their breath as the nation waits for the pandemic to play out. Here‘s how the residential sector is handling the uncertainty – and what might happen next

Killian Woods | 5 hours ago