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Residential Property Prices Register

Dáil Éireann Debate, Tuesday - 13 July 2021

Tuesday, 13 July 2021

Ceisteanna (588)

Cian O'Callaghan

Ceist:

588. Deputy Cian O'Callaghan asked the Minister for Justice if her attention has been drawn to the fact that on the residential property price register website there are a number of properties registered in the wrong areas and thus not reflecting the true property prices in each locality; the steps that the Property Services Regulatory Authority (PSRA) has taken to ensure greater accuracy in the data on the register and if she will make a statement on the matter. [37897/21]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy will be aware, the Property Services Regulatory Authority (PSRA) is the statutory regulatory body tasked with responsibility for licensing and regulating property services providers and is independent in the performance of its functions. As such, I have no role in operational matters under the remit of the PSRA. The PSRA has a dedicated email address for Oireachtas Members to contact them directly with any queries at: info@psr.ie.

However, in order to be of assistance to the Deputy, I have asked the PRSA for an update on this matter and they have provided the information set out below.

The Residential Property Price Register is produced by the PSRA pursuant to section 86 of the Property Services (Regulation) Act 2011.

I am informed by the PSRA that the Register is compiled from data which is filed, for stamp duty purposes, with the Revenue Commissioners. The data is primarily filed electronically with Revenue by the person doing the conveyancing of the property on behalf of the purchaser.  Errors may occur when the data is being filed and I am informed that the PSRA welcome notification of any apparent errors in the data by email to info@psr.ie.

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