Property prices have been the hot topic at dinner parties over the last 20 years.
This could all change because of the row between the National Consumer Agency and auctioneers over the accuracy of published prices of private treaty sales.
The row was triggered by Propertyâs decision to write to estate agents to complain about inaccurate results being submitted to this page.
Now the NCA has upped the ante by giving agents a deadline of this afternoon to commit to reporting only precise prices.
This may be too much for the auctioneers, who might simply stop revealing sales prices altogether.
Auctioneers invariably disclose prices, particularly when they hit the jackpot.
But there is no obligation on them to do so, and no formal procedure for the public to discover an actual selling price.
Even if curious folk â including journalists â present themselves at the Dickensian Registry of Deeds in Henrietta Street, they wonât get much joy as even by supplying the name of a vendor, all theyâre likely to find is a dry document that doesnât include a price.
This means that they have to rely on either auctioneers, or talkative sellers or buyers, or indeed nosy neighbours to find out what a property made.
Now it seems auctioneers run the risk of infringing either the Data Protection Act or the Consumer Protection Act: the data act means they canât reveal an exact price without written permission from a vendor (not likely to be forthcoming). Consumer law apparently insists they canât fudge, even a little.
The Irish Auctioneers Valuers Institute (IAVI) may call for a change in the data act. Until then, watch this space.
House prices to remain talk of the town?
ireland.com/newspaper/proper ⌠02090.html
Property off the agenda in social gatherings, this is indeed progress.
xman
May 1, 2008, 5:30am
#2
This comes across like forcing EAs not to lie is a bad thing.
Theyâre not* lying*, theyâre just* fudging a little*!
How very Irish and pathetic.
The âpaper of recordâ has finally conceded that itâs tarnished, by admitting publicly the information it provides may be false.
The Pinâs favourite lighthouse off the coast of Mayo was sold for 1.05m.
LOL
âTriggerâ might have something to say about that?
More like the row was triggered when people started legal cases because of false information and the IT decided to try and cover itâs ass by printing a disclaimer after the event!
xman
May 1, 2008, 6:12am
#7
So, it got 50% of itâs 2006 price.
Sounds about right.
Is that inflation adjusted?
Green Bear wrote:
Hurray! anyone for talking about the weather?
Dinner Party!
Odd description for a group of people standing in a living room listening to Dido, drinking wine and bragging.
Ah comeon Pat, do you not recognise all the signs of sophisticated NorthSider living of a Pimp with this hoes !
I mean who else wears White trousers
What would I know!
I still wear flared wellies.