Property levies ‘could lower land prices’

LEVIES on property development have been proposed by two of the country’s stronger property representative bodies, the Society of Chartered Surveyors and the Irish Auctioneers and Valuers Institute.

They are just two of the 30 or so groups making oral submissions and part of 160 submissions to the Oireachtas committee examining constitutional changes on property rights to tackle rising house prices.

Both representative bodies, which have members involved in day to day property issues, argued that levies on land coming forward for infrastructure investment and development would contribute to the common good and common gain.