11/08/2010
Proposed House Price Database 'Confusing'
There is confusion today as to how a new Irish database to monitor market trends and house prices is to be established.
Legislation announced yesterday hasn't fully outlined how data will be collected and published.
On one hand, Justice Dermot Ahern said responsibility for publishing property sales prices would be given to the Property Services Regulatory Authority (PRSA) but also said the Department of the Environment would create and maintain the database.
This will be details of residential and commercial property sales and would be maintained for statistical purposes.
However, it would then be the PRSA's job to publish the information.
As yet, it is not yet clear whether the information will be published on a daily, weekly or monthly basis as property sales prices are made public in an effort to bring transparency to the troubled housing market.
At present, house prices information is severely restricted under data protection legislation, which makes it an offence for an estate agent to reveal the sale price of a property without the consent of both the buyer and the seller.
Enacting legislation for the new body was not published until last year.
It passed through the Seanad in June and now Mr Ahern said he would table amendments to the Property Services (Regulation) Bill 2009 to finally establish the authority on a statutory basis during the next Dáil session.
"The Property Services Regulatory Authority will be in a position to ensure timely publication of this data as soon as the legislation is enacted later this year," he said.
(BMcC/GK)
Legislation announced yesterday hasn't fully outlined how data will be collected and published.
On one hand, Justice Dermot Ahern said responsibility for publishing property sales prices would be given to the Property Services Regulatory Authority (PRSA) but also said the Department of the Environment would create and maintain the database.
This will be details of residential and commercial property sales and would be maintained for statistical purposes.
However, it would then be the PRSA's job to publish the information.
As yet, it is not yet clear whether the information will be published on a daily, weekly or monthly basis as property sales prices are made public in an effort to bring transparency to the troubled housing market.
At present, house prices information is severely restricted under data protection legislation, which makes it an offence for an estate agent to reveal the sale price of a property without the consent of both the buyer and the seller.
Enacting legislation for the new body was not published until last year.
It passed through the Seanad in June and now Mr Ahern said he would table amendments to the Property Services (Regulation) Bill 2009 to finally establish the authority on a statutory basis during the next Dáil session.
"The Property Services Regulatory Authority will be in a position to ensure timely publication of this data as soon as the legislation is enacted later this year," he said.
(BMcC/GK)
Related Irish News Stories
Click here for the latest headlines.
20 August 2013
Dublin Property Prices Rise But Prices Fall Nationally
There has been an 8% rise in property prices in Dublin in the last 12 months, according to the Central Statistics Office (CSO). The figures show that in July, residential property prices increased by 3.3%, an 8% increase on the same period last year. Nationally, property prices have fallen by 13.
Dublin Property Prices Rise But Prices Fall Nationally
There has been an 8% rise in property prices in Dublin in the last 12 months, according to the Central Statistics Office (CSO). The figures show that in July, residential property prices increased by 3.3%, an 8% increase on the same period last year. Nationally, property prices have fallen by 13.
30 September 2015
Property Prices Increase Nationwide In August
Residential property price rose by 2.3% across Ireland in August, according to the Central Statistics Office (CSO). New figures from the Residential Property Price Index shows that this is a 0.9% increase from July and a 0.1% rise from June. In Dublin, prices rose by 2.8%, an 8.2% increase than the same period last year.
Property Prices Increase Nationwide In August
Residential property price rose by 2.3% across Ireland in August, according to the Central Statistics Office (CSO). New figures from the Residential Property Price Index shows that this is a 0.9% increase from July and a 0.1% rise from June. In Dublin, prices rose by 2.8%, an 8.2% increase than the same period last year.
24 September 2014
Fingal County Council Vote To Cut Local Property Tax
Fingal County Council (FCC) have voted in favour of reducing the Local Property Tax by the full 15% allowed by government legislation. 31 councillors voted in favour of the cut, as FCC join three other councils to agree the lower rate for 2015.
Fingal County Council Vote To Cut Local Property Tax
Fingal County Council (FCC) have voted in favour of reducing the Local Property Tax by the full 15% allowed by government legislation. 31 councillors voted in favour of the cut, as FCC join three other councils to agree the lower rate for 2015.
01 October 2009
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%. According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.
19 April 2017
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
-
Ireland WeatherToday:A band of heavy rain will cross from the west this morning, the odd rumble of thunder possible. Brighter conditions with a scattering of showers will follow for the afternoon. Breezy, strong coastal winds at first. Maximum temperature 16 °C.Tonight:A few showers around this evening, but becoming dry with clearing skies. Wind will ease leading to a few mist and fog patches by dawn. Minimum temperature 5 °C.