Minister for Justice Dermot Ahern today said statutory responsibility for publishing property sales prices will be given to the Property Services Regulatory Authority, which will be put on a statutory footing.

It is hoped that sale prices will be published and a database will be maintained by the DEHLG. This should lead to a much greater level of transparency in the housing market and finally provide accurate and timely details on property price trends. It has yet to be revealed as to what spatial scale and detail the data will be available at.

Mr Ahern has yet to table the required amendments to the Data Protection Acts. This will be done at the next Dail session. This leaves some time to get discussion going on what needs to be made available through the PSRA.

“The Property Services Regulatory Authority will be in a position to ensure timely publication of this data as soon as the legislation is enacted later this year.” (IT 10/08/2010)

This seems like a good step in the right direction.

Justin Gleeson