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Property Services Regulation

Dáil Éireann Debate, Tuesday - 20 November 2012

Tuesday, 20 November 2012

Questions (464)

Barry Cowen

Question:

464. Deputy Barry Cowen asked the Minister for Justice and Equality with regard to the Property Services Regulatory Authority and more specifically the section that deals with the residential property price register, the amount it receives per annum; the hours on which it is open to the public; the number of staff it employs; and if he will make a statement on the matter. [50940/12]

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Written answers

The Property Services Regulatory Authority (PSRA) was established on a statutory basis on 3 April 2012 in accordance with the provisions of the Property Services (Regulation) Act 2011. The Authority currently has a total full-time equivalent of nine staff, including the Chief Executive.

Section 86 of the 2011 Act provides that the PSRA shall prepare and maintain a register of residential property sales prices in the State. The Residential Property Price Register was published by the Authority on 30 September 2012 and is available on its website www.psr.ie and at www.propertypriceregister.ie. The Register includes information on residential properties purchased in Ireland since 1 January 2010, as declared to the Revenue Commissioners for stamp duty purposes. The PSRA does not receive any fee income in respect of the Register since it is required under the provisions of Section 86 of the 2011 Act to make the information contained in the Register available free of charge. There is no public office provision in respect of the Register since the information is published on the Authority's website.

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