Re: Re: P&D Act 2000 – Is compensation still set at existing land use value

Home Forums Ireland P&D Act 2000 – Is compensation still set at existing land use value Re: Re: P&D Act 2000 – Is compensation still set at existing land use value

#786077
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Keymaster

A reasoned argument.

The reality in practice is that it is all about the zoning; the term existing use goes no interpretation other than the zoning of the land on the day that the landowner is notified of the intended purchase.

For example if a local authority served a notice to treat on a developer who was landbanking residential development land the authority would have to offer what another developer would pay for a similar tract of land as development land. There is no provision for a local authority to acquire land that is zoned for residential development at agricultural use value.

The case in Loughrea a few years ago where the local UDC rezoned land from agricultural to industrial in the full knowledge that the specific land would be CPO’d immenently for a road bypass is about the only major flaw in the current system.

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