When are the PPR figures finalised for a month?

Pelezico

39price changes today.

14 increases 25 decreases.


2297 transactions in July
Decrease of 59% on July 2019

Ozark707

Pelezico wrote: »

2297 transactions in July
Decrease of 59% on July 2019

Is this from the PPR? If so would you not be better off comparing June 20 & June 19 as July 20 figures will not be fully updated until the middle of September or so?

Pelezico

Ozark707 wrote: »

Is this from the PPR? If so would you not be better off comparing June 20 & June 19 as July 20 figures will not be fully updated until the middle of September or so?

That is not how it works. The numbers for July are now complete.

Hubertj

Pelezico wrote: »

That is not how it works. The numbers for July are now complete.

Would it not take longer to complete a sale in 2020 vs 2019? So apart from reduced sales from Covid you also have to consider the variable of the length of the sales cycle being significantly longer in 2020?

Ozark707

Pelezico wrote: »

That is not how it works. The numbers for July are now complete.

Ok maybe there are updated quicker these days, if so that is good but it used to be the case that is took approx 6 weeks for ~95% of the transactions to be updated.

Graham

Pelezico wrote: »

That is not how it works. The numbers for July are now complete.

How does that work?

Don't you have 44 days to file a stamp duty return? Isn't that the data the goes into the PPR?

awec

Pelezico wrote: »

That is not how it works. The numbers for July are now complete.

What makes you think this?

Graham wrote: »

How does that work?

Don't you have 44 days to file a stamp duty return? Isn't that the data the goes into the PPR?

Yes, it's usually the stamp duty return that the solicitor files with Revenue, so it entirely depends on when the solicitor actually does this. There are 44 days to do this before penalties are incurred, and then there can still be more time before it actually appears on the PPR.

The July numbers being complete 11 days into August would be truly remarkable. The June numbers are likely not even correct, never mind July.

Pelezico

awec wrote: »

What makes you think this?



Yes, it's usually the stamp duty return that the solicitor files with Revenue, so it entirely depends on when the solicitor actually does this. There are 44 days to do this before penalties are incurred, and then there can still be more time before it actually appears on the PPR.

The July numbers being complete 11 days into August would be truly remarkable. The June numbers are likely not even correct, never mind July.

2019 numbers are equally late. You can only measure the numbers submitted and do a comparison.

The PPR updates the register on or around the date it receives the stamp duty.

I have seen no retrospective adjustments to prior months on the PPR.

So the July numbers are the returns filed in July.

Graham

Pelezico wrote: »

I have seen no retrospective adjustments to prior months on the PPR.

The July figures will continue to change for another few weeks yet.

Cyrus

Graham wrote: »

The July figures will continue to change for another few weeks yet.

He has been told this a few times but it’s not sinking in.

awec

Pelezico wrote: »

2019 numbers are equally late. You can only measure the numbers submitted and do a comparison.

The PPR updates the register on or around the date it receives the stamp duty.

I have seen no retrospective adjustments to prior months on the PPR.

So the July numbers are the returns filed in July.

What?

The July 2019 numbers are accurate and represent all sales that took place in July 2019. It doesn't matter if the property is added to the register on 1st August 2019 or 1st September 2019, if it was sold in July 2019 it'll appear as a July 2019 sale, that's how it works.

The July 2020 figures are not complete.

Retrospective adjustments to prior months happens all the time. Every single update to the PPR will add properties for previous months. Again, that's just how it works.

Pelezico

Cyrus wrote: »

He has been told this a few times but it’s not sinking in.

They wont

Cyrus

Pelezico wrote: »

They wont

What won’t , who won’t ?

Your statistics are absolute garbage

Please stop

Graham

Pelezico wrote: »

They wont

There are three columns on every single results page:

Date of Sale / Price / Address

The date of sale is as reported in the stamp duty return which needs to be filed within 44 days to avoid penalties.

It includes Date of Sale, Price and Address of all residential properties purchased in Ireland since the 1st January 2010, as declared to the Revenue Commissioners for stamp duty purposes.

Pelezico

Graham wrote: »

There are three columns on every single results page:

Date of Sale / Price / Address

The date of sale is as reported in the stamp duty return which needs to be filed within 44 days to avoid penalties.

Let's see does 2297 increase for july and 2925 for June.

Pelezico

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Residential Property Price Register

Information Note
The Residential Property Price Register is produced by the Property Services Regulatory Authority (PSRA) pursuant to section 86 of the Property Services (Regulation) Act 2011. It includes Date of Sale, Price and Address of all residential properties purchased in Ireland since the 1st January 2010, as declared to the Revenue Commissioners for stamp duty purposes.

It is important to note that the Register is not intended as a "Property Price Index".

In a small number of transactions included in the Register the price shown does not represent the full market price of the property concerned for a variety of reasons. All such properties are marked **.

Where a property is part residential and part non-residential (e.g. living quarters over a shop) the Register will only contain information about the residential part.

If the property is a new property, the price shown should be exclusive of VAT at 13.5%.

Where a number of apartments are sold for a single price (e.g. Apartments Nos 1 to 15 Oak Drive are sold for €2m), the information on the Register depends on what was filed with the Revenue Commissioners.

For example, the filer may have input the address of -

only one of the apartments (e.g. No. 1 Oak Drive) for a price of €2m;
each apartment separately and divided the price between each apartment (e.g. Apartment No. 1 for €133,333, Apartment No.2 for €133,333 and so on to Apartment No. 15 for €133,333.
all the apartments (e.g. Nos 1 to 15 Oak Drive) for a price of €2m.
The Date of Sale is the date input by the filer of the Stamp Duty Return as the date of the Deed transferring ownership of the Deed transferring ownership of the property.


Read last line. Date of sale is the date of stamp duty return..not date of sale itself

Graham

Pelezico wrote: »

Read last line. Date of sale is the date of stamp duty return..not date of sale itself

That's not what your own quote says

Pelezico wrote: »

The Date of Sale is the date input by the filer of the Stamp Duty Return as the date of the Deed transferring ownership of the property.

Graham

Mod Note

Thread split rather than taking the Property Market discussion further off topic.

Pelezico

Graham wrote: »

Mod Note

Thread split rather than taking the Property Market discussion further off topic.

Good move.

awec

Pelezico wrote: »

Let's see does 2297 increase for july and 2925 for June.

2944 (+19) for June and 2760 (+463) for July after this week's update.