IrelandHousing developer Glenveagh has urged the Irish government to impose stricter penalties on land hoarding and implement long-planned measures to address the country's housing crisis. In its 'Homebuilding Horizons' report, Glenveagh recommends strengthening the Residential Zoned Land Tax (RZLT) and introducing an escalating tax on land hoarding to encourage homebuilding. The report also calls for the implementation of Land Value Sharing (LVS), a policy that would capture a portion of increased land value after rezoning to reduce speculation. Glenveagh highlights survey data showing public dissatisfaction with housing progress, with only 16% believing Ireland is making real progress. The report forecasts an increase in home completions, noting that Ireland is currently building homes at the fastest rate in the EU.
Bias read (Center): The article presents Glenveagh's policy recommendations and associated research findings without overtly favoring any political side. It includes both the company's proposals and survey results reflecting public sentiment, providing balanced coverage of the issue without clear ideological bias.
