Thursday, January 21, 2010
Now That’s What I Call a Housing Crash
Dublin house prices fell by 4.3% in December. There have now been 34 consecutive months of house price declines. Irish house prices fell by 18.9% in 2009, and have fallen 31.5% from peak. The rate of decline accelerated over the last three months of 2009. This is what is awaiting the UK - Ireland have not been able to temporarily postpone the crash by printing money like us.