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)
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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It makes absolute sense, but we also have a property price register. In some senses, the market value is the price that people pay for properties at a point in time. When people are then going to sell properties, or indeed assess whether the purchase price of a property is reasonable, one of the great things about the property price register is that we can now go and check what prices are actually transacting at. Again, the Department seems very resistant to the idea of allowing the land value register to track the fluctuation in the way the a property price register would. I am aware that it is a slightly different thing.