10/08/2007

2.6% Drop In Average House Prices

The Permanent TSB and the ESRI house price index has revealed that Irish house prices have fallen by 2.6 per cent in the first six months of this year.

The recent figures show that the average price paid for a house in June was €302,605, which is a drop of just over €8,000 since the start of the year.

House prices in June fell by 0.5 per cent compared with May’s prices.

Meanwhile, figures from the Central Statistics Office show that construction employment in June fell by 1.1 per cent compared with the same month last year.

It was the third annual drop in a row in the employment index, which covers private construction firms employing five or more people.

(SB)

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