Property price register - how long does it take for a property to go up?

I_p_freely

I've been looking to buy a house for the last 6 months and have been saving a lot of houses that I am interested in on Daft and myhome which have been subsequently, and very quickly (2-3 weeks), sold - or "Gone" as daft put it. Many of these have been "gone" or sale agreed since February or March and are still not on the property price register. I don't have a clue what they have been sold for which means that I don't know if other houses in the area I'm interested in are worth above or below what they listed at. I have spoken to estate agents about them and they say they are gone but can't release figures.
So how long does it take for sold properties to go up on the PPR and if they haven't gone on the register, were they simply pulled from the market?

The_Conductor

It all depends on when the solicitor files the paperwork, and whether its in order. The Property Price Register is updated a few times each month- and can feature properties sold as little as 2-3 weeks previously, but it depends entirely on the solicitors involved, being efficient and accurate with the paperwork........

jon1981

The Register is compiled from data which is declared, for stamp duty
purposes, to the Revenue Commissioners. The declaration is primarily filed
electronically by persons doing the conveyancing of the property on behalf
of the purchaser.

Until such time as a stamp duty declaration is made to Revenue
Commissioners the details of a transaction will not appear on the Register.
The Register is updated weekly (generally on Wednesday) and would include
all stamp duty declaration up to the previous Friday.

That's the response I got over email when I asked.

surpy

"Sold" on daft doesn't mean anything
property will appear within a few weeks of closing usually

closing could be months after removal from the market

moxin

Sometimes a sold house can appear on the register as the date when the closing date occurred, that would be the fastest possible. All down to how quick the solicitors are.

I_p_freely

Thanks for the replies. I just saw one house that I was looking at was on sale for 250K and has just now been put on the PPR - it was sold for 284k. I need to re-adjust my expectations or hope for another property crash very soon...

murph226

I was bidding on a house that escalated into a bidding war.

The other bidder was an alleged cash buyer that was going to knock the house for a new build.

The house went sale agreed over three months ago, its still not on the PPR and theres no planning application in for it.

Does this sound strange?

seamus

3 months is a bit long alright, but if the seller is in negative equity, it can take that long to come to an agreement with the bank, so nobody is going to sign any contracts until they know the bank will let the sale go through.

There won't be any appearance on the PPR until the house is sold.

jellybeans

murph226 wrote: »

I was bidding on a house that escalated into a bidding war.

The other bidder was an alleged cash buyer that was going to knock the house for a new build.

The house went sale agreed over three months ago, its still not on the PPR and theres no planning application in for it.

Does this sound strange?

Hi in a similar situation here, just wondering what happened with the house in the ned? did it go back on the market?

murph226

jellybeans wrote: »

Hi in a similar situation here, just wondering what happened with the house in the ned? did it go back on the market?

Hi, I'm not sure what the hold up was in the end but it sold, levelled and a new house was built there.