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Property is etched deep in the Irish psyche. We all buy, sell or rent or just work, live or play in properties. But recent experiences have been harrowing. Property law in Ireland has at last been overhauled with the introduction of the Property Services (Regulation) Act 2011. The law now actively recognises the central role that property plays in all of our lives. For estate agents, their clients and the general public, all is changed. The new law brings significant benefits, especially for those who take the trouble to become aware of them - and significant risks for those who do not. The property market now operates under strict rules and is being closely monitored by the new Property Services Regulatory Authority.
The new Act: