Moody_mona wrote: »
Not sale agreed - they only appear when sold. The date on PPR is the date of closing, so there are houses posted there from last week. My experience would be about three weeks.
Red Silurian wrote: »
Houses that are exempt from stamp duty, such as those sold to the council don't get added to the PPR at all
L1011 wrote: »
It lists the price, HTB not deducted but it does not include VAT.
Like so many other people I used to check the ppr out of interest. However, a serious side to it is now being brought home to me. In the event of dissolution of a marriage and the judge deciding on the sale of the family home, you are asked to provide evidence from the ppr of prices attained by similar properties. There are now three properties in close proximity which have sold since the start of this year - a full five months ago today. The last record on the ppr is 31 December 2021, so with prices reportedly rising substantially since then not having the updated prices can make the difference between a judge deciding to sell the family home and not selling it. In other words, a massive difference...
These houses all had 'Sold' on the sign, by the way. I've checked variants of the spelling on the ppr, none of which are showing. Is there any other way of getting reliable evidence of these sold prices?
If you were trying to get an up date valuation for a property, you can use the Residential Property Price index from the CSO. https://www.cso.ie/en/statistics/prices/residentialpropertypriceindex/
This will let you baseline all sales to find an average.
How does this work? So, here's the current index:
Let's say a house sold near you in December 21 for €500k. To work out what it "would have" sold for in March instead, you just divide by 156.7 and multiply by 160.1
So 500k / 156.7 * 160.1 = €510,850
It's far from exact because all properties differ, but it's something. Dublin has a separate index, so if that's relevant you can use that. In this case, to get a valuation of ~€507k
I used this process in the past to prove to Revenue that I had valued my property correctly for LPT purposes and they were happy to accept it.
Another thing you can do is ring up the estate agents who negotiated the sales of the other local properties, tell them that you're thinking of putting your own property up for sale and you want to know how much they sold at.
The property price register gets its entries when the stamp duty is paid. Legally the stamp duty should be paid within 28 days of the closing of the sale but a futher period up to 44 days is allowed. In some case the sold sign is put up when the contracts are signed by both parties. The closing can be considerably later and the stamping later again. When checking the ppr you need to check the whole district because some spelling variations can be difficult to catch.