Friday, May 30, 2008
Sharing the pain
RTÉ news: Irish house prices down 1.1% MoM, 9.2% YoY
The latest house price survey from Permanent TSB and the ESRI shows that house prices across the country fell by 1.1% last month.
This is the largest drop in a single month so far this year. The survey also found that house prices had fallen by over 9.2% since April 2007.
An average house was over £7,300 cheaper in April than it would have been in December.
Posted by little professor @ 06:42 PM (324 views) Add Comment
3 Comments
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1. icarus said...
And for afters there's commercial property. Anybody know how Irish banks (very exposed to property) are doing? Don't just say "badly".
2. icarus said...
I've just read that late last year 27% of all outstanding loans by Irish banks were in property and construction. That's higher than in Japan when the property sector there played a big part in crippling the economy.
3. mark wadsworth said...
You say "MoM" and "YoY", I say "LOL"