Tuesday, May 17, 2011

Ireland down 40% from peak

Irish property prices down almost 12% in last year, new index shows

Residential property prices in Ireland have fallen by 11.9% in the year to the end of March, according to the new national real estate index from the Central Statistics Office. In Dublin residential property prices fell by 1.8% in March and were 13% lower than a year ago. House prices in Dublin are now some 45% lower than at their highest level in early 2007. Apartments in Dublin are 52% lower than they were in February 2007. The fall in the price of residential properties in the rest of Ireland is somewhat lower at just over 35%. Overall, the national index is almost 40% lower than its highest level in 2007.

Posted by drewster @ 11:16 AM (1240 views)
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