I have just been over in Ireland recently where I lived in a little town called Portlaoise, County Laois for 3 years.
We bought a 4 bedroom semi-detached property in March 2004 for €197,500 and noticed that the same property a few doors up from my old house which I sold April 2008 for €245,000 is now selling for offers at €175,000. At one point these houses were selling for approximately €285,000.
My old neighbour said it has been up for sale for over 8 months and said the guy who is selling would take around the €165,000 a €80,000 drop in 2 years. Glad we sold when we did as at that price w