‘Toothless’ property agency costs €600k to run

QUESTIONS were raised last night about a €600,000 taxpayers bill for a “toothless” government agency set up to protect property buyers and owners.

The Government will spend these funds financing the National Property Services Regulatory Authority this year, a body set up to regulate auctioneers and estate agents.

The agency opened its offices last November but it still has no powers to enforce regulations.