Housing plans may see prices soar by €35k
Irish Daily Mirror|June 02, 2023
New levy could hit buyers >> Fiery exchanges in Dail
FERGHAL BLANEY
Housing plans may see prices soar by €35k

BUILDERS have warned the Government their plan to solve the housing crisis could backfire – and cost prospective homebuyers an extra €35,000 instead. 

One of Housing Minister, Darragh O'Brien's, latest proposals would see a new Land Value Sharing charge introduced.

This would hit landowners and developers with a levy of up to 30% on the difference in land prices after it is rezoned to the far more lucrative residential category.

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Bu hikaye Irish Daily Mirror dergisinin June 02, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.