Oireachtas Joint and Select Committees

Tuesday, 16 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 (Resumed)

Photo of Mary FitzpatrickMary Fitzpatrick (Fianna Fail) | Oireachtas source

I thank the witnesses for coming in. I will follow on immediately from where Dr. O'Leary left off with his offer to further elaborate the discussion. I have a few specific questions and then perhaps Dr. O'Leary could outline the various points and issues the IPI would like the committee to consider. In point 6 he touched on the idea that the price could be reduced and the inflationary effect on the price of housing. Does the IPI have a projection of what it thinks could be achieved? In the past five to ten years, to what does the IPI attribute land value increases and the cost and price of housing? Dr. O'Leary suggested that further evidence is required and that analysis should be done on why the strategic development zones, SDZs, have not resulted in the type of development and development success that had been hoped for. Will he elaborate on that and his proposal for what the scope of that analysis would be? What would he envisage the analysis would capture and who would be best positioned to undertake it? Will Dr. O'Leary share the other key issues the IPI wants to raise, something he mentioned in his closing remarks?

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