Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Patrick Davitt:
I think it would have made the difference that people would be able to see what actual properties made because auctioneers' hands were tied. If you called me ... if I sold somebody's property and you called me and asked me how much I got for it, I couldn't actually tell you. Despite the fact of whether I wanted to tell you or whether I didn't want to tell you, I couldn't tell you. So the property register made all that information available to people that's actually out there in the open and people can see openly what properties made and what people got for their properties. So it makes an awful lot of difference and it makes a great difference from comparables, even though the property register for the moment it holds a certain amount of information. It could be extended to holding different amounts. But it does and it has been a great help.