Monday, 1 October 2012

REA welcome the new price register

Real Estate Alliance, the National Property Group today welcome the introduction of the new Price Register in Ireland which will provide information on the prices obtained from properties in Ireland. According to Eimer O’Keeffe, CEO of Real Estate Alliance, “this has been long awaiting and will create transparency in property prices in Ireland. The facility will assist consumers to make important decisions in relation to where they live”. According to Michael Boyd, Chairman of REA, “this facility has been available across the water for some time & has become of real benefit to people working in the property industry. No doubt the same impact will arise here in Ireland in a very short period of time. The new register will provide historical prices as far back as the Jan 2010. There are no down sides to this facility and it will assist in all parties employed and involved in the property Industry in Ireland”. REA members agree that the register should also give the M2/ sq ft. and the site area of the property register too, as this would give a more accurate perspective for comparison purposes. Real Estate Alliance is Ireland’s leading property group of Chartered Surveyors with 44 Branches throughout the country. REA was founded in 2003 and it comprises some of the Ireland’s best-established auctioneers and estate agents. With one quarter of the alliance’s firms in business for more than a century, the alliance is characterised by a nationwide spread of its Agents who are all members of the Society of Chartered Surveyors Ireland.