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28/03/2008
€25,000 Wiped Off Value Of Irish Homes
The latest house price index has revealed a €25,000 drop in the value of the average Irish home in the last year.
The figures released by the TSB/ESRI shows an eight per cent drop overall. The figures also show a fall between December and February alone of £4,237 of the value of homes.
However, good news for first-time and second-time buyers as the average price paid by a first-time buyer and a second-time buyer in February 2008 was €254,697 and €317,970 respectively. The equivalent prices in December 2007 were €260,786 and €321,498.
Niall O'Grady, General Manager Marketing, permanent tsb bank said: "I think the rate of price decrease over the first two months of the year is lower than many people might have expected. We are also seeing that some sellers are finally grasping the point that people are
interested in buying properties if the prices sought are realistic. This in turn is leading to more market transactions when compared to quarter 4 2007."
Economists are predicting further falls at albeit the lower rate of seven per cent to continue for the rest of the year.
(DW/JM)
The figures released by the TSB/ESRI shows an eight per cent drop overall. The figures also show a fall between December and February alone of £4,237 of the value of homes.
However, good news for first-time and second-time buyers as the average price paid by a first-time buyer and a second-time buyer in February 2008 was €254,697 and €317,970 respectively. The equivalent prices in December 2007 were €260,786 and €321,498.
Niall O'Grady, General Manager Marketing, permanent tsb bank said: "I think the rate of price decrease over the first two months of the year is lower than many people might have expected. We are also seeing that some sellers are finally grasping the point that people are
interested in buying properties if the prices sought are realistic. This in turn is leading to more market transactions when compared to quarter 4 2007."
Economists are predicting further falls at albeit the lower rate of seven per cent to continue for the rest of the year.
(DW/JM)
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01 October 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.
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.
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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.
