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Sep 19, 2012 - 16:12

Dublin councils set to reduce development levies

The MyHome Newsdesk
By The MyHome Newsdesk
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Dublin councils set to reduce development levies

Two local authorities in the capital have announced proposals to reduce their development levies in a bid to encourage developers to commence work on development properties.

Dublin City Council plans to reduce the level of contributions for residential development from €156.62 per sqm to €115.21 and the levy for industrial and commercial projects from €127 per sqm to €93.42.

Fingal County Council has also proposed to reduce the development contribution for residential development from €143 per sqm to €105 while reducing levies for industrial and commercial projects from €111 per sqm to €82.

Both South Dublin County Council and Dun Laoghaire Rathdown Council are due to announce their intentions shortly and may follow suit with the reductions.

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It is hoped the reductions could help increase interest in the development land market in Dublin and surrounding areas.

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  • Tags
  • capital
  • commercial
  • developers
  • development
  • development levies
  • development properties
  • Dublin City Council
  • Dun Laoghaire Rathdown
  • Fingal County Council
  • industrial
  • land
  • levy
  • Local Authorities
  • market
  • proposals
  • reductions
  • residential
  • South Dublin County Council
The MyHome Newsdesk
By The MyHome Newsdesk
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