Menu
01/10/2009
House Prices Fall 4% In Last Quarter
A leading property website has revealed that Ireland's house prices have fallen again during the last quarter, this time by 4%.
According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.73% compared to the second quarter.
The research was further backed up by well-known property experts Daft.ie, who said asking prices fell by 4.6% over the last three months.
The website said the number of houses available for sale on the market was holding "remarkably" steady at around 60,000 at any one time.
According to the spokeswoman and property expert Emer O'Siochru the most recent drop is probably the result of more realism by sellers, especially in the Dublin area, where asking prices have dropped by 30% from the peak in 2007 compared to only 25% outside the capital.
Ms O'Siochru said: "One can well imagine the family desperation that these figures represent; two parents with one job between them; in negative equity, certainly; their home nestling in a forest of fading for-sale signs.
"The self reinforcing cycle of housing-needing construction workers-needing housing has reversed as CSO figures show net emigration of the very kind of people that buy and rent houses."
According to MyHome, the average asking price nationally now stands at €323,180 down 22% since the peak of the market. In the capital, the average figure is €385,993, a fall of 18.5% in the last 12 months and a drop of 27.73% since the peak of the market.
Asking prices in the Dublin market are now at the same level as in 2004, while asking prices in the new and second hand markets are now down by 14% compared to 12 months ago.
(DW/BMcC)
According a report published today from popular property website MyHome.ie, the average asking price nationally for property fell by 4.27%, while in Dublin asking prices which were down 5.73% compared to the second quarter.
The research was further backed up by well-known property experts Daft.ie, who said asking prices fell by 4.6% over the last three months.
The website said the number of houses available for sale on the market was holding "remarkably" steady at around 60,000 at any one time.
According to the spokeswoman and property expert Emer O'Siochru the most recent drop is probably the result of more realism by sellers, especially in the Dublin area, where asking prices have dropped by 30% from the peak in 2007 compared to only 25% outside the capital.
Ms O'Siochru said: "One can well imagine the family desperation that these figures represent; two parents with one job between them; in negative equity, certainly; their home nestling in a forest of fading for-sale signs.
"The self reinforcing cycle of housing-needing construction workers-needing housing has reversed as CSO figures show net emigration of the very kind of people that buy and rent houses."
According to MyHome, the average asking price nationally now stands at €323,180 down 22% since the peak of the market. In the capital, the average figure is €385,993, a fall of 18.5% in the last 12 months and a drop of 27.73% since the peak of the market.
Asking prices in the Dublin market are now at the same level as in 2004, while asking prices in the new and second hand markets are now down by 14% compared to 12 months ago.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
06 October 2015
Rise In House Prices Outside Dublin
House prices outside Dublin have increased by 13 % over the past year, according to a report by property website Daft.ie. Home buyers are now typically paying €205,000, compared to €190,000 this time last year. Prices in urban areas of Cork, Galway and Limerick are rising at a rate of almost 20% a year.
Rise In House Prices Outside Dublin
House prices outside Dublin have increased by 13 % over the past year, according to a report by property website Daft.ie. Home buyers are now typically paying €205,000, compared to €190,000 this time last year. Prices in urban areas of Cork, Galway and Limerick are rising at a rate of almost 20% a year.
20 August 2013
Dublin Property Prices Rise But Prices Fall Nationally
There has been an 8% rise in property prices in Dublin in the last 12 months, according to the Central Statistics Office (CSO). The figures show that in July, residential property prices increased by 3.3%, an 8% increase on the same period last year. Nationally, property prices have fallen by 13.
Dublin Property Prices Rise But Prices Fall Nationally
There has been an 8% rise in property prices in Dublin in the last 12 months, according to the Central Statistics Office (CSO). The figures show that in July, residential property prices increased by 3.3%, an 8% increase on the same period last year. Nationally, property prices have fallen by 13.
02 October 2009
Housebuilder Reports Growing 'Confidence'
Housebuilder Abbey has for the first time since the beginning of the downturn reported improving sales in Ireland. Speaking at the Abbey National AGM, chairman Charles Gallagher said the firm's excess inventory is gradually being cleared amid steady trading in the first few months of the year.
Housebuilder Reports Growing 'Confidence'
Housebuilder Abbey has for the first time since the beginning of the downturn reported improving sales in Ireland. Speaking at the Abbey National AGM, chairman Charles Gallagher said the firm's excess inventory is gradually being cleared amid steady trading in the first few months of the year.
12 April 2018
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
Property Prices Rise By 13% In The Year To February
Residential property prices have risen by 13% in the year to February, according to statistics published by the Central Statistics Office (CSO). There has also been a 12% increase in the year to February, and a 9.7% increase in the 12 months to February 2017. In the year to February in Dublin residential property and house prices have risen by 12.
08 November 2017
Property Prices Continue To Rise Across Ireland
Property prices have increased to 12.8% in the year to September, according to the latest figures from the Central Statistics Office (CSO). In Dublin, residential property prices increased by 12.2% in the year to September, with house prices increasing to 12.4% and apartments increasing to 11.4% in the same period.
Property Prices Continue To Rise Across Ireland
Property prices have increased to 12.8% in the year to September, according to the latest figures from the Central Statistics Office (CSO). In Dublin, residential property prices increased by 12.2% in the year to September, with house prices increasing to 12.4% and apartments increasing to 11.4% in the same period.
-
Ireland WeatherToday:Scattered sleet and snow showers will turn increasingly heavy and more frequent in the afternoon across the north. Largely dry with sunny spells in the south, but showers spreading here towards the end of the day. Maximum temperature 4 °C.Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
