Site value tax would force builders to use sites they own
Published 30/08/2016 | 02:30
It seems somewhat ludicrous that the State is advocating zoning more housing land when there is enough already available to build more than 400,000 homes.
But in the absence of powers to force owners to build homes on prime sites, even when planning permission is in place, it now appears the Government believes the carrot of cheaper development levies and access to a €200m infrastructure fund is not enough to get construction works underway.
A stick is now needed. Build on zoned land, or we'll zone alternative sites and refuse you permission to build in the future, the Department is saying.