Bottom of market prices hard to call!
Figures released today show that Ireland's house prices fell by another 14% last year.
A report also indicates that the rate of decline has slowed down, but that the end of the decline has not yet arrived.
Asking prices for homes fell by 14% in 2010, with prices falling by 5% in the final three months of the year.
Prices have now fallen by 40% from their peak, with the average price now just below €220,000.
During 2010, asking prices in Dublin fell 14% on average, compared to a fall of 15% outside major cities.
The number of properties for sale is still very high, at almost 60,000, while on the demand side, tight credit and expectations of higher taxes and interest rates were affecting potential buyers. - Source: daft.ie
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A report also indicates that the rate of decline has slowed down, but that the end of the decline has not yet arrived.
Asking prices for homes fell by 14% in 2010, with prices falling by 5% in the final three months of the year.
Prices have now fallen by 40% from their peak, with the average price now just below €220,000.
During 2010, asking prices in Dublin fell 14% on average, compared to a fall of 15% outside major cities.
The number of properties for sale is still very high, at almost 60,000, while on the demand side, tight credit and expectations of higher taxes and interest rates were affecting potential buyers. - Source: daft.ie
.
