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 understand. One of the points is that the planning Bill, which is a separate Bill, is allowing for a ten-year development plan. In theory, there would be gaps of ten years between zoning, subject, as we know, to variations.
One could have quite a substantial gap between the market value and the real transaction value in the context of what is happening in the market. One of the points we will be making in the further elaboration on the Bill is that there should be more regularity in reviewing the register and looking at the values of the register. That is something we will be submitting.
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