The following table details the amounts collected in user fees by the Land Registry (which is managed and controlled by the Property Registration Authority) in the years 2012 to 2016:
Year
|
Total Land Registry Fees Collected
|
2012
|
€26,031,387
|
2013
|
€35,542,830
|
2014
|
€45,799,246
|
2015
|
€55,761,318
|
2016
|
€56,442,554
|
Of those amounts, the following can be attributed to searching fees:
Year
|
Searching Fees
|
2012
|
€2,363,547
|
2013
|
€3,961,630
|
2014
|
€3,985,510
|
2015
|
€3,850,220
|
2016
|
€3,606,165
|
Accordingly, based on the most recent full year (2016), the cost of eradicating search fees would be of the order of €3.6 million. It might be noted that all fees collected by the Property Registration Authority in respect of Land Registry activities are paid over to the Exchequer in full on a weekly basis.