Accurate property sale prices to be accessible on state database

ACCURATE information on the sale prices of all property is to be made available in a new database to be established by the Government.

Justice Minister Dermot Ahern announced yesterday that the Property Services Regulatory Authority will have statutory responsibility for publishing details of all property sales prices in future.

Estate agents and prospective buyers and sellers of property have complained that they have been forced to operate in a vacuum since 2008, amid estimates the property prices have dropped by over 40% from the peak of the market.