PROPERTY interests in Kerry have largely welcomed the new price register of residential properties as it finally introduces clarity to the market in Kerry.
The register reveals the price paid for every residential property sold in the country since January 1, 2010. It includes the date the sale was completed, whether the home is a new build or second-hand and the address.
However, the index lacks a level of detail that would make it a full and accurate index of the market here, some estate agents in Kerry say.
It should also give homeowners seeking to sell a more realistic idea of prices in their area and put less pressure on estate agents to ask for high prices.
"It makes for very interesting reading and I think it is a good thing for the Irish property market to finally have an index that provides some clarity. It's a good start but it should go deeper in terms of detail," Daniel Giles of DNG WH GIles told The Kerryman.
The register has been introduced to allow buyers see exactly how much similar properties are selling for in neighbourhoods and estates where they are hoping to buy.
The Kerryman saw indications on the register that estate agents are asking far more than the actual price of comparable properties in some Kerry housing estates.
But the lack of information on the index does not allow a clear picture, Mr Giles explained: "I sold a home recently for €135,000 and I have had it queried as another, similar home in the area sold for €95,000. It was the case that the house had an extension with an additional bedroom at the rear. That level of detail is not on the register.
"You might also have the situation where you have two houses in the same estate looking very similar from the outside. One might have been rented for years and in a poor state and the other might never have had an occupier and have been well maintained. The register needs to go deeper as the English version does."
He believes it is good for the market on the whole though as takes the 'greyness' out of the sector.
"It will also give vendors a more realistic idea of where prices are actually at and we might see some homes taken off the market when people realise they won't get the price they're hoping for," Mr Giles added.