Wednesday 26 June 2019

IPAV chief calls for energy ratings to be included on price register

David McDonnell, MD of Property Partners McDonnell in Mullingar, and incoming president of IPAV, the Institute of Professional Auctioneers & Valuers
David McDonnell, MD of Property Partners McDonnell in Mullingar, and incoming president of IPAV, the Institute of Professional Auctioneers & Valuers
Donal Buckley

Donal Buckley

To simplify the case for a Green Mortgage discount for would-be purchasers, David McDonnell, the incoming president of the Institute of Professional Auctioneers & Valuers (IPAV), is calling for the Property Services Regulatory Authority to record BER ratings in addition to its sale prices on residential properties.

In this way, buyers would be able to both compare quoted prices on dwellings that they are interested in buying with those prices for previously sold neighbouring properties while also having a better idea of how those neighbouring properties compared in terms of quality with those currently for sale.

The managing director of Property Partners McDonnell in Mullingar, Mr McDonnell says that recording BER ratings for the properties would be a simple means of assessing property values and the contribution that the current BER ratings are having on that value.

"In an era when concern about our environment is deepening, it would highlight the issue and give buyers a more comprehensive picture that would feed into their property intelligence, perhaps enabling them to be a fraction more discerning in their choices," he added.

"It would also simplify the case for a 'Green Mortgage' discount for would-be purchasers."

The IPAV AGM and annual conference will take place at the Mullingar Park Hotel this Saturday.

Speakers will include Kevin 'Boxer' Moran TD, Minister of State at the OPW, and developer Michael O'Flynn.

Indo Business

Also in Business