Pearse Doherty (Donegal South West, Sinn Fein)
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Question 118: To ask the Minister for Finance further to calls by the National Assets Management Agency chairman (details supplied) for the introduction of a public register of commercial property sales prices, if he will set out the consideration he has given to such a register and confirm if there are any plans for such a register; and if he will further set out the detail of any such plans. [33157/12]

Michael Noonan (Limerick City, Fine Gael)
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I understand that a Commercial Leases Database and a database of residential property sales prices is currently being considered by the newly-established Property Services Regulatory Authority, which does not fall under the auspices of the Department of Finance. I understand the primary purpose of the Commercial Leases Database will be to ensure that accurate information will be available to assist in ensuring that rent review assessments are based upon true comparisons of rent levels and that the availability of such information should favourably impact on the conduct of rent reviews and also on the operation of the letting market itself.