CUFFE  CALLS FOR LAND HOARDING TAX TO TACKLE SOARING HOUSE PRICES

The Green Party has called on the Government to introduce a tax on housing land in order to tackle soaring house prices. The tax would be levied annually on land that is zoned for housing, but remains undeveloped.

“Hundreds of acres of land are being hoarded by developers in the greater Dublin Area”, stated Green Party Housing Spokesperson Ciarán Cuffe today. We need to make these developers build homes instead of hoarding their land banks.

“The Oireachtas Report on Property Rights that was issued this week has many good recommendations for improving housing affordability. One of the proposals contained in that report and proposed by the Green Party is to tax housing land that remains undeveloped. This would force developers to ‘put up or shut up’.