Average house price down to €264k
Submitted by admin on Sat, 12/20/2008 - 10:04
Average national house prices fell by 0.5% in November according to the latest edition of the Permanent TSB/ESRI House Price Index.
Measuring the rate of growth in the 12 months (year on year) to November, average national prices were down by 9.6%. This compares to a decline of 5.9% recorded in the 12 months to November last year.
Permanent TSB notes that reduced interest rates are positive for existing customers, but there are no signs that buyers are coming back to the market yet.