Average house prices down another €5,000
Submitted by admin on Thu, 03/26/2009 - 18:21
Thursday, 26 March
New figures show that the average price of a house has fallen by more than €5,000 in the first two months of the year.
The annual rate of decline in house prices was 9.7% in February. Permanent TSB's Niall O'Grady said that, despite falling prices and interest rates, people did not seem to be convinced that the market had bottomed out yet.