Thinking of buying or selling a home in Galway? Like many others, you’re probably wondering what a fair price looks like. You could be considering making a list of every home for sale in Galway and finding the median price, but why do that when you can go straight to the Property Price Register Ireland.
As a transparent resource, the national property price register helps buyers and sellers to make informed decisions and avoid overpaying or undervaluing their property. Of course, expert advice goes a long way it comes to buying and selling properties, too, and Long & Co. has been helping clients navigate this tool effectively since its inception. Here, we take a closer look at Ireland’s house price register and how you may find it beneficial when looking to buy or sell a property in Galway.
The Property Price Register Ireland is an official government record of all residential property sales in Ireland. It’s managed by the Property Services Regulatory Authority (PSRA) and provides details such as the date of sale, price and address of all each residential properties purchased (as declared to the Revenue Commissioners for stamp duty purposes) in Ireland since January 1st, 2010. It is not a commercial property price register, however, so you will find no commercial properties listed.
While it is a property sale price register, a form of property price register map, some prices shown do not represent the full market price of the house or apartment. That’s because, in some cases, a previous owner will have decided to retain an interest in the property. In other instances, the property might have been bought through an affordable purchase scheme. Other properties, though not many, might be declared in exchange for other properties or stocks, etc.
The property price register is also free to use and updated regularly, giving you a reliable overview of property prices in Ireland.
So, how do buyers benefit from using this government property price register?
Firstly, the register will provide real price results for properties in your preferred area. If, for instance, you live in Cork but want to move to Salthill, Galway, you can research house prices in the area. You can also track market trends to see if property prices are rising or falling in Galway City, Tuam or any other community. This means you can act fast or bide your time while keeping an eye on available properties. When the time arrives to make an offer, you can do so with the confidence that your research is reliable. This kind of knowledge can prove to be the difference maker in a bidding situation as you know what’s typical for similar-sized houses, flats or land. You can then plan your bids accordingly.
To give you an example of how the register works, let’s look at Galway. The property register shows that there have been 250 properties sold between February 2nd and September 9th of this year, with the median price being €360,000. While this gives you an idea of overall county prices, you can dig deeper into the data if there is a particular area you have your eye on.
Do you have a property to sell in Galway? If so, this tool is the perfect house price sale register for you. In a matter of clicks, you can assess property prices and set yours accordingly, meaning you’re more likely to get the price your property deserves. Furthermore, properties priced correctly tend to sell faster.
The register also helps you to avoid any mishaps as you will pick up on trends and be able to adjust your timing or pricing. So, for instance, if you notice that apartment prices keep rising, you might hold off a little while longer so you can monitor the changing market. A little patience goes a long way in such a situation, and the register is a great tool to help you track trends.
As chartered surveyors, the team at Long & Co. can interpret register data to maximise your sale outcomes. If you’re looking to get the best price for your property, contact our chartered surveyors for a valuation in Galway today.
To conduct an effective property price register search, there are a few key steps to take.
Begin by narrowing your search location by inputting as much information as you can, such as the address and county. When the results populate, take time to compare the property types you’re interested in, be it detached or semi-detached homes or apartments. Look out for factors such as sale dates; market trends change frequently and so do prices, so be wary of overpaying or undervaluing the property.
Of course, the houses sold price register is a great tool, but the safest way of securing an accurate valuation is to use it alongside professional advice. To ensure you set the right price for your property, consider Long & Co’s Property Valuation Service today.
When entering the market, the Property Price Register is a powerful tool for both buyers and sellers in Galway. Whether you’re planning to sell, buy or just curious about the market, the Property Price Register’s capabilities allow for broader overviews and deeper insights that will help you set your price more accurately and effectively. This in turn will make the process run smoother and give you more confidence in your strategic moves.
And while the register is an excellent resource, it’s often the advice of an experience professional that gets people across the property buying and selling line. At Long & Co., our valuers have a strong tradition of finding Galway clients the best price for their property, and as registered property service providers, we can do the same for you.
Should you have a property to put on the Galway market, contact Long & Co. today for personalised advice or a professional property valuation.
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