Oireachtas Joint and Select Committees
Thursday, 2 April 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Ms Marie Hunt:
I do not use it because it is meaningless as far I am concerned in terms of what I am trying to do. I am trying to follow CBRE methodologies and definitions and that database does not give me the information I need. It is like the example of knowing that house X sold for whatever price but not knowing whether it is a three-bed, four-bed or whether it has a garden. On the commercial lease database it is completely irrelevant for me to know that CBRE are paying whatever rent if I do not know what size of a lease, what size of a take they have in terms of square foot, what is the length of the lease, the terms and conditions of that lease, if there is a user clause, etc. None of that detail is available. In some cases it might be. I think there is also a reluctance on the part of certain people with a remit to give information to provide it to the database. The form is cumbersome in that it needs three different entities, the actual landlord, the tenant and the solicitor, who all have to fill in a section of the report and nobody is quite sure who has the ultimate responsibility to send it in to the PSRA. There is a lot of uncertainty about it. It has not been user-friendly when I have logged on and tried to use it and it certainly has not given me results that I have been able to analyse in any meaningful way.
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