Bottom Watch
Articles that call the bottom of the proeprty market.
Economic downturn wipes 50pc off value of homes - National News, Frontpage - Independent.ie
Submitted by admin on Wed, 01/13/2010 - 09:11By Yvonne Hogan
LARGE detached family homes in the capital have halved in value in the downturn.
Estate agents admit four- and five-bedroom detached properties in Dublin are now only fetching 50pc of their 2007 prices.
The Irish Auctioneers and Valuers Institute (IAVI), which represents auctioneers around the country, says that houses nationally are now worth 40pc less than at the peak.