Dáil Éireann Debate, Thursday - 19 July 2012
556 Deputy Michael McGrath asked the Minister for Justice and Equality when the register of residential house prices envisaged in discussions with the troika will commence; and if he will make a statement on the matter. [36078/12]
View answer559 Deputy Niall Collins asked the Minister for Justice and Equality the timeframe for the operation of the property sales register; and if he will make a statement on the matter. [36864/12]
View answerI propose to take Questions Nos. 556 and 559 together.
I can inform the Deputy that Section 86 of the Property Services (Regulation) Act 2011 provides that the Property Services Regulatory Authority shall prepare and maintain a register of residential property sales prices in the State. I am advised by the Authority that it expects to publish the register by the end of September 2012. It is anticipated that the residential property sales prices register will comprise a database searchable by a number of criteria including address of property, value of property, by county, city or town. The information which will be contained in the database will be the full address of the property, its sale price and date of sale. The register will, at the outset, cover all sales between 1 January 2010 to date of publication. It is anticipated that the information will be updated regularly and will be current within 30 days of the actual date of sale of the property.
