Fitzpatrick & Heavey Homes is actively seeking sites for housing development, particularly in Carlow, as part of its expansion strategy

Fitzpatrick & Heavey Homes has said it has “reaffirmed its commitment to landowners” by pledging to fully cover the Residential Zoned Land Tax (RZLT) on any residentially zoned land it purchases. With the tax now in effect as of February 1, 2025, the company is actively seeking sites for development, particularly in Carlow, as part of its expansion strategy.

Ciaran Fitzpatrick, CEO of Fitzpatrick & Heavey Homes, highlighted the company’s ongoing efforts to accelerate housing delivery. The firm currently has 350 homes under construction across counties Offaly, Westmeath, Wicklow, and Cork.

Resourced with a “robust balance sheet and diverse range of funding partners”, Fitzpatrick & Heavey Homes are looking to scale up and deliver over 100 homes in Carlow.

“Ireland’s housing crisis demands innovative and immediate solutions,” said Mr Fitzpatrick. “The Residential Zoned Land Tax is intended to encourage development, but it also places a financial strain on landowners who may not have the means to build.

“By absorbing this tax on any land we purchase, we are providing an immediate solution – offering landowners a viable exit while ensuring much-needed housing is developed without delay.”

The RZLT, introduced under the Finance Acts, imposes an annual tax of 3pc on the market value of undeveloped, residentially zoned land. This could mean substantial costs for landowners, particularly those who are unable to proceed with development.

Landowners, including individuals, businesses, and entities with residentially zoned but undeveloped land will be most impacted by the RZLT.

Only active construction sites and certain agricultural lands qualify for relief.

As part of its expansion strategy, Fitzpatrick & Heavey Homes is actively looking to acquire residentially zoned land in Carlow. The company welcomes discussions with landowners who wish to sell or explore partnership opportunities that will lead to the rapid development of much-needed housing.

“This is a win-win solution,” Mr Fitzpatrick added. “Landowners can avoid the financial strain of the tax, while we ensure that land is put to productive use – building homes for families and communities across Ireland. We encourage landowners to reach out to us as soon as possible to explore opportunities.”

For more information, landowners can visit fitzheavey.com. To discuss potential land sales, you can contact Ciaran Fitzpatrick at [email protected]