Daft Property - Irish Property News

House prices go into reverse as property register takes guesswork out of buying... HOUSE prices fell last month in a move that reverses rises in the previous three months. The fall of 0.6pc in October means that prices have now risen in five of the 10 months of this year so far.  The value of the average property in the State is now half of what it was during the peak in the market in 2007. Dublin prices were down 0.2pc in October, and are 7pc lower in the year so far. Residential property prices in the capital are 56pc lower than they were when the market was at its highest, according to the CSO index. Prices outside of Dublin were down 0.9pc last month, and are now down 47pc from the peak. Some property experts said the introduction of the new property price register in September prompted falls in prices, as people can now seen exactly what prices houses and apartments are selling for, rather than relying on estate agents. The average value of a property nationally is

Property price register pushed out until late September... THE LONG-AWAITED property price register, detailing the sale price of residential properties here, looks like it’s now going to miss its expected summer deadline. Despite being eagerly anticipated by estate agents, homeowners and buyers, and a recent call from the head of Nama to develop a commercial equivalent, the property price register has yet to materialise. So why the delay? The property price database first made the headlines in early 2010 and since then there has been much talk but little action. In December of last year, the register was provided for by legislation, and at the time, it was understood that the register would appear six months later. However, according to Tom Lynch, chief executive of the Property Services Regulatory Authority (PSRA), the register was never going to be ready for June, despite this date being widely reported at the time. “I never said it was June,” he says, adding that the register was s