Friday, May 13, 2011
Coming soon here?
The collapse of the Irish property price bubble has seen values plunge by up to 52 percent since a 2007 peak, a new government index showed on Friday. The first results from the new Central Statistics Office (CSO) index show that, nationwide, prices of residential property are down almost 40% on 2007 -- and they are still falling. Dublin apartments have been hardest hit, with prices falling 52% from peak. The monthly rate of decline increased in March this year to the fastest level since July 2009