Tuesday, Aug 18, 2009
Irish House Prices in Free Fall
Irish Auctioneers & Valuers Institute: Auctioneers report 9.2% fall in house values for Q2 2009
Irish house prices are down 9.2% in the second quarter or 16.9% for the year to date (i.e. 6 MONTHS). Should continue to wipe the smile of smug Irish property owners - the news just keeps getting worse (see a previous post). But then the last 6 years of the Celtic Tiger was just an illusion built on debt which is now unravelling. Ireland is suffering the deepest recession of any industrialised country. Ireland's crash started about 1 year ahead of the UK.....
Posted by europeanbear @ 11:47 PM (443 views) Add Comment
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