The deals will see farmers paid an upfront sum on condition the developer can make a planning application
Kildare's Glenveagh, one of the country’s largest housing developers wants to entice farmers into partnerships that could see them get above the normal price for their land.
In some cases Glenveagh Properties will be prepared to offer substantial non-refundable deposits to secure a farmer’s support for a project, which it describes as a “win-win” for both parties.
Glenveagh, which is based in Maynooth, have launched a campaign aimed at overcoming what it said is “a huge fall-off” in the amount of development land coming to market.
The deals will see farmers paid an upfront sum on condition the developer can make a planning application.
The developer will then carry all the costs associated with a sizeable application to a local authority.
If permission for a development is granted the final sale price will be higher than what the farmer might have expected if he had sold at the beginning of the process.
The news comes as local authorities are set to release maps outlining which landowners will face a 3% zoned land tax, which is set to be introduced next year.
Glenveagh is now looking for farmers and landowners to partner with them through the development process.
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