KENNY WELCOMES LAUNCH OF HOUSE PRICE REGISTER

Posted on October 1, 2012 12:28 PM   |   Permanent Link   

Dublin Bay North Labour Party T.D., Seán Kenny, today welcomed the launch of the new Property Price Register.

"I welcome this long talked about initiative. It will be of immense benefit to house purchasers and it should also bring greater transparency to the payment of stamp duty which is presently based on self-assessment.

"It is an essential step in bringing first-time buyers back into the market and improving transparency. In recent years, because of the steep downturn in the property market, it has been difficult to get accurate information on property prices. This uncertainty has led to a lack of confidence in the housing market and has contributed to stagnation particularly among first-time buyers.

"The Property Price Register will help to remove some of this uncertainty, restore some confidence in the property market and provide transparency in residential property sale prices."