Oireachtas Joint and Select Committees

Thursday, 4 May 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion

Photo of Cian O'CallaghanCian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

If someone paid what might be considered over the odds, which in a way it is not because it is a market transaction, the full over the odds price will not be captured by this. It would be a baseline below it. This is quite difficult. Whatever someone pays is, by definition, the market price.

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