Eoghan Murphy (Dublin South East, Fine Gael)
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Question 368: To ask the Minister for Justice and Equality if any steps have been taken to establish a property transaction register; and when he envisions it to be up and running. [33354/12]

Alan Shatter (Dublin South, Fine Gael)
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Section 86 of the Property Services (Regulation) Act 2011 provides that the Property Services Regulatory Authority shall prepare and maintain a register of residential property sales prices in the State. I am advised by the Authority that it expects to publish the register by the end of September 2012. It is anticipated that the residential property sales prices register will comprise a database searchable by a number of criteria including address of property, value of property, by county, city or town. The information which will be contained in the database will be the full address of the property, its sale price and date of sale. The register will, at the outset, cover all sales between 1 January 2010 to date of publication. It is anticipated that the information will be updated regularly and will be current within 30 days of the actual date of sale of the property.

Section 87 of the Property Services (Regulation) Act 2011 provides that the Authority shall establish and maintain a database relating to commercial property leases. It is anticipated by the Authority that the commercial leases database will be put in place during the early part of 2013 and that it will contain data relating to leases entered into after 3 April 2012.