Menu
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.
08 April 2024
O'Dowd Rules Out Introduction Of Water Charges In NI
Minister for Infrastructure John O'Dowd has ruled out the introduction of household water charges in Northern Ireland.
O'Dowd Rules Out Introduction Of Water Charges In NI
Minister for Infrastructure John O'Dowd has ruled out the introduction of household water charges in Northern Ireland.
26 March 2024
Health And Social Care Easter Arrangements Outlined
The Department of Health has announced arrangements for health and social care services over the Easter holiday period, encouraging everyone to look after themselves, both physically and mentally.
Health And Social Care Easter Arrangements Outlined
The Department of Health has announced arrangements for health and social care services over the Easter holiday period, encouraging everyone to look after themselves, both physically and mentally.
21 March 2024
BCC Unveils Refreshed Strategic Plan For Belfast City Centre
New plans to support the most vulnerable in Belfast while growing the economy, regenerating neighbourhoods and achieving climate targets have been published in a refreshed strategic plan for the city. First published in 2017, the Belfast Agenda set out joint vision for the city up to 2035.
BCC Unveils Refreshed Strategic Plan For Belfast City Centre
New plans to support the most vulnerable in Belfast while growing the economy, regenerating neighbourhoods and achieving climate targets have been published in a refreshed strategic plan for the city. First published in 2017, the Belfast Agenda set out joint vision for the city up to 2035.
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.
12 April 2018
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
-
Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
