House prices fell 9% in 2008
Submitted by admin on Fri, 01/30/2009 - 17:50
Houses prices in Ireland fell by 9.1% last year.
The House Price Index, published by the ESRI and Permanent TSB, indicates that the biggest prices drops were in commuter counties surrounding Dublin.
House prices were down 16.8% in these regions in 2008.
Permanent TSB says houses prices now are where they were in the middle of 2005 and it is thought houses prices in 2009 will fall by a further 10%.