Oireachtas Joint and Select Committees

Thursday, 1 June 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. Patrick Davitt:

This is the case in any purchase we might talk about, whether it is zoned land or unzoned land. In any purchase at the moment, anybody who is looking at it, as Mr. Moran said, will be wondering who is going to buy it, given they do not know how much tax will be involved, and who is going to sell it, given they do not know what they are going to have to pay or what they are going to get for it. The market will just cease until such time as there is a decision as to what is going to happen.

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