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03/01/2012
House Prices Continue To Decline
Irish house prices continued to drop in the fourth quarter according to property website Daft.ie.
The latest Daft House Price Report shows that asking prices for houses fell by 18 per cent in 2011.
The average asking price for homes is now €175,000.
Ronan Lyons, economist with Daft.ie, said: "It is tempting to see larger house price falls as a bad thing and no doubt many, particularly those in negative equity, will see this dramatic fall in those terms.
"However, if the size of the correction in house prices is determined by fundamental factors, then it is better for the prices to race to the finishing line than crawl there."
He said to get back to a sustainable lending environment, the banks should be encouraged to lend at sustainable rates and also a significant amount of mortgages.
He concluded: "It's only when we see that happening that we will see a recovery in activity and also a stabilisation in prices."
(CD/GK)
The latest Daft House Price Report shows that asking prices for houses fell by 18 per cent in 2011.
The average asking price for homes is now €175,000.
Ronan Lyons, economist with Daft.ie, said: "It is tempting to see larger house price falls as a bad thing and no doubt many, particularly those in negative equity, will see this dramatic fall in those terms.
"However, if the size of the correction in house prices is determined by fundamental factors, then it is better for the prices to race to the finishing line than crawl there."
He said to get back to a sustainable lending environment, the banks should be encouraged to lend at sustainable rates and also a significant amount of mortgages.
He concluded: "It's only when we see that happening that we will see a recovery in activity and also a stabilisation in prices."
(CD/GK)
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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.
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House Prices Fall 4% In Last Quarter
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Residential property prices increased nationally by 10.7% in the year to June, according to the Central Statistics Office (CSO). This compares to an increase of 13.8% in May and an increase of 12.5% in the twelve months to June 2014. Residential property prices rose nationally by 0.1% in the month of June. This compares with an increase of 0.
26 November 2012
Property Prices Drop By 0.6% In October
Residential property prices fell by 0.6% in October, according to the latest figures by the Central Statistics Office (CSO). This compares with an increase of 0.9% recorded in September and a decline of 2.2% recorded in October of last year. In Dublin residential property prices fell by 0.2% in October and were 7.1% lower than a year ago.
Property Prices Drop By 0.6% In October
Residential property prices fell by 0.6% in October, according to the latest figures by the Central Statistics Office (CSO). This compares with an increase of 0.9% recorded in September and a decline of 2.2% recorded in October of last year. In Dublin residential property prices fell by 0.2% in October and were 7.1% lower than a year ago.
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