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Dublin: 18 °C Wednesday 19 June, 2013

Around 15,000 visitors a day checking new property price register

There has been a lot of interest in the new property price register website since it launched two weeks ago.

Image: Mark Stedman/Photocall Ireland

AN AVERAGE OF 15,000 visitors a day are looking at the State’s new online register of residential property prices in Ireland.

There has been significant interest from the public in the propertypriceregister.ie website since it launched on 30 September. Just under 165,000 visitors have clicked onto the website in its first eleven days alone.

The average visitor spends just over nine minutes on the site and looks at almost ten pages, according to figures provided to TheJournal.ie by the Department of Justice.

The single best day for the site was on Monday 1 October, the site’s first full day of operation, when there were 82,398 visits to the site.

The register provides the price, address and date of sale on all residential properties which have been purchased in Ireland since 1 January 2010 and allows people to view the prices of houses which have been sold around the country.

There had been calls for such a register to be set up for several years in order to provide open information on a notoriously secretive area.

The site is produced by the Property Services Regulatory Authority, which was set up by Justice Minister Alan Shatter earlier this year to bring some regulation to the area.

The PSRA has said that the register is not intended to be a property price index but instead is designed to “provide, on an ongoing basis, accurate prices of residential properties purchased at a particular date”.

In response to queries about the accuracy of the figures provided on the site the PSRA has put up a note saying that it does not edit the data but simply publishes the figures which are filed by the purchaser’s solicitor.

“The Authority acknowledges that there are errors in the data,” the note reads. “Where errors are discovered or reported to the Authority they will be taken up with the Revenue Commissioners”.

Read: House prices are still falling – except for South County Dublin >

Read: At last: Long-awaited register of property prices in Ireland is here >

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Comments (22 Comments)

  • If their friends or neighbours bought in last 2 year’s then they are not in as much s#!+e as someone who bought 6 years ago. In fact I would suggest finding out someone else got much better bargain would be depressing

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  • By virtue that it is an indicator of transparency , it is bound to be a good thing into the future.
    As a Valuer and Chartered Surveyor , it is something that our profession had been asking for this, for decades.
    Had it been there all along , I feel certain that the mad inflated market prior to five years ago could not have raced on unchecked at all.
    Even the lunatic Lenders would have been held in check by it , had it been there, in my opinion.
    How often over the previous decade an unchecked ‘rumour’ of a price supposedly achieved, became the tidal mark and new template for all next day lending.
    Pity though that the index does not include site area and floor area of all the property concerned , this would even set a greater standard of accuracy and comparison for all future markets!
    Interesting that there is so much use of the site already – it reflects the already underway slow repair of the markets, by the Joe Public – pity the Banks are not yet in touch with the value yet ! – their lending policy this time round has gone from one extreme to the other! – almost none , this time round?

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  • I think that a lot of viewers on here are just either curious or probably waiting for houses to drop further in price so that they can afford something to either rent or buy.. Or maybe the kids have now grown up and decided to move out onto their own?

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  • Didn’t work for me.No results found.

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  • Probably 2 genuine buyers, 14,998 nosy Ba#$@rd’s making sure they’re friends, neighbours and relatives are as much in the shit as they are…

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    • All this piece of long overdue, expensive, amateur rubbish proves is that Irish property was and still is a con.

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    • This is a revolutionary step and should have been in years ago bar FF saying that it would not be possible to manage it. ie meaning that they would have had to stop receiving bribes and donations from estates agents and developers.

      A property market based in reality rather than hype.

      Many here would dearly wish that that had been the case.

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  • Typical irish website built for a country of moaners to moan about how much the neighbours house sold for or cost…

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    • There’s an Irish curiosity aspect but its also about transparency Jay. I don’t know about other parts of the US but I’ve seen websites of estate agents in California and the sales history of a property is included as standard.

      Before you ask, I wasn’t purchasing … a good friend viewing them would ask for an opinion. She was amazed that our agents didnt provide the same Ingo.

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    • very short sighted Jay, you can’t see a practical use for this then?? for both buyers and sellers?

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    • This is actually a superb public information database. Lets be honest here. How many people rushed into buying a house and trusted the auctioneer to give them the correct value. This registration takes the cowboy pricing out of the equation. Now people can make informed decisions with regard to how much a property is really worth. So to those bemoaning it, you are the very people that would have benefitted from this service when buying your homes in the past 10 years.

      Reply
  • Jesus how many articles have the journal done about this site over the last two weeks. we get it.

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  • It’s worth noting that there are a few other (easier to use) interfaces for this data – so these official numbers are actually lower than reality

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  • Wonder how many comments it will take before someone winger mentions imf or the banks or the goverment

    Reply

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