Wednesday, Apr 11, 2007

Ireland's house prices could be facing a tumble downwards

The Irish Post: Stalled house prices leading to crash fears

HOUSE prices in Ireland could soon come crashing down - echoing similar fears in Britain.

Irish house prices showed no growth in February which fuelled speculation the country's long-running property boom may be over.

According to the latest survey by permanent tsb and the Economic And Social Research Institute (ESRI), the year-on-year rate of growth in February for prices nationally was 9.5 per cent - down from 10.6 per cent recorded in the 12 months to January.

Posted by stew @ 12:10 PM (130 views) Add Comment

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