Oireachtas Joint and Select Committees

Tuesday, 20 November 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Impact of Brexit on Ireland's Housing Market: Discussion (Resumed)

11:00 am

Mr. Mark FitzGerald:

One of the reasons land prices go up is that the market and those buying land bet on dysfunctionality because they do not think the houses will be delivered. If we increased the supply of land, there would be more competition and land held by speculators would be less scarce. When increasing land zoning, we must ensure a parallel increase in housing supply and that the whole policy is cohesive and coherent. If we do that, we will achieve our goals. If we do not approach such a policy in a coherent way, it could have unintended consequences. Currently, we are not building houses and the price of land is going up. What is being done is not working. I suggest that we move to a controlled enablement policy rather than a controlled containment policy.