Sunday, November 29, 2009
Irish property market report
This is a report based upon investment property in Ireland and where valuations will need to trend towards in order to attract investors back into the market, the report shows that prices must come down on average between 20 and 50% in major cities. There are four different methods used and the analysis is published within the report (feel free to provide feedback!). The situation in Ireland is particularly bleak in the property market, the sole solution is for prices to drop until they reach market clearing levels, however, this is receiving staunch resistance from both sellers and government alike.