LEADING property website, Daft.ie has welcomed the launch of the Residential Property Price Register by the Property Services Regulatory Authority (PSRA).
The register, which contains data on 50,000 residential property transactions since the beginning of 2010, allows Daft.ie to accurately measure the differences between asking prices and transaction prices.
Commenting on the launch of the Property Price Register, Ronan Lyons, Economist with Daft.ie stated; “Not only does the register bring transparency to the marketplace, it allows us to analyse the average differential between what a property’s asking price is and what it eventually gets sold for. Currently, the register only provides address, date and price, meaning it can be used to look at the volume of transactions and the typical price achieved. Over coming months, we hope to combine the register with our own database, allowing even more detailed analysis of the property market and house price trends,” he said.