Chambers Ireland welcomes announcement on Property Price Register
Last Updated: 26 Aug 2010
Chambers Ireland today (10/08/10) welcomed the announcement of a new property price database by Minister Ahern. Seán Murphy, Chambers Ireland Deputy Chief Executive said, "This is a positive step forward, until now a lack of market information has deterred buyers from taking part in the housing market.”
“Timely market data is vital if we are to encourage potential buyers to enter the property market. These buyers are prerequisites to enable other sellers to trade up and thereby stimulate property market activity. New house purchases and house moves are a crucial stimulus to the hard pressed building sector and to small construction firms specialising in repair, maintenance and improvement (RMI) in particular.”
“Furthermore, current market price information will be vital in enabling these sectors to come through the current downturn and generate new taxes for the Exchequer. We look forward to legislation enabling the publication of full price data being enacted without delay and also trust that there will be no duplication of efforts by other arms of State on this issue,”he concluded.
