Peadar Tóibín (Meath West, Aontú)
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349. To ask the Minister for Public Expenditure and Reform further to Parliamentary Question No. 89 of 13 February 2025, the estimated market value of the 67 vacant properties owned by the OPW. [7805/25]

Jack Chambers (Dublin West, Fianna Fail)
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I am advised by the Office of Public Works (OPW) that it does not obtain market values of vacant surplus properties / sites until these properties / sites are being prepared for disposal, by intra-state transfer or for sale on the open market.

When a property or site is being transferred via intra-state transfer to another State body, the current market value is independently determined by Tailte Éireann in accordance with the Protocols for the Transfer and Sharing of State Property Assets (Department of Public Expenditure and Reform Circular 11/2015). The valuation determined by Tailte Éireann is commercially sensitive and only disclosed publicly when the sale of the property / site has closed and ownership has transferred ownership.

If no State use is identified for a property or site, the OPW will then consider disposing of the property / site on the open market in order to generate revenue for the Exchequer. The successful auctioneer/estate agent appointed, following a competitive procurement process, to manage the sale of these properties and sites determines the advised minimum value (AMV) of the properties and sites for sale.

The AMV of properties and sites being prepared for sale is available to potential purchasers and interested parties via advertisements in the local and national press and on the various online property platforms.

The OPW will provide a list of properties they have disposed of since 2023, and the sale price achieved, direct to the Deputy in the coming week.