Regulator to ensure confidence for buyers

The Government has set up a regulatory body to ensure those buying or renting a property are not mislead on its actual value.

The Property Services Regulatory Authority will make sure selling and leasing properties are not only qualified to do so but that they are quoting a realistic “advised market value”.

Justice Minister Alan Shatter said the body’s requirements also included the publication of residential property sales prices and the establishment of a commercial leases database.