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)
Mr. Robert Keran:
I believe it is. I do not claim to be an expert on this aspect but I believe developers will naturally react initially by passing on the cost. The market has to respond to that insofar as there is demand for housing and limited available land and market conditions have to allow land to be exchanged, conveyed and developed. I am not sure that the passing on of that initial cost by the developer can be controlled but there has to be that market reaction thereafter.
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