New market value threshold of €3m takes effect in Circuit Court property cases

A market value threshold of €3 million for Circuit Court jurisdiction in property-related cases took effect from yesterday.

Justice Minister Frances Fitzgerald signed commencement orders to bring into operation section 2 of the Courts Act 2016 and a number of sections of the Civil Liability and Courts Act 2004.

The jurisdiction of the Circuit Court in proceedings under the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 will now be on the basis of a market value of €3 million rather than the property’s rateable valuation.

Where the market value of the property exceeds €3 million, then the High Court will have jurisdiction (unless the parties agree otherwise).