Friday, August 10, 2007

Tiger lost its claws

House prices in Ireland fall by 8K in a year

National house prices in Ireland declined by 2.6% in the first six months of 2007 according to the latest edition of the permanent tsb / ESRI House Price Index. The index - published today - measures the movement of house prices over the first six months of the year... The index does not measure volume/activity in the market and it can be assumed that the current climate has resulted in a lower than normal level of activity, which means that actual sentiment is not fully reflected in the price trend at this early stage in the ongoing Irish housing market correction.

Posted by converted lurker @ 12:06 PM (407 views)
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