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08/10/2008
House Prices Collapse By 11%
An influential property website has revealed that house prices have fallen again.
The recent figures show the average price of a house is now at €312,500 and says a fall of 3.8% in house prices was recorded in just three months between July and September.
The news comes a day after world markets were rocked by an unprecedented rate of decline in world markets despite efforts by governments to shore up their financial institutions with bail outs and guarantees.
Tuesday's panic selling around the world has led to more action being taken in the main economies, with the British government announcing a part-nationalisation of the country's eight main banks with a bailout worth up to £50billion.
The government said it would provide taxpayers' money to buy major stakes in the banks.
However, despite the announcement, London's FTSE index took a worrying dive following the announcement, but has clawed back to a smaller 3.9 loss on the day so far.
Details of the plan were divulged this morning by the Chancellor, Alistair Darling on Radio 4's The Today Programme, where Mr Darling was unable to say the £50 billion bailout was a guarantee to savings. The dive in FTSE share prices came minutes after the Chancellor's discussion.
The international moves are never-the-less expected to strengthen the financial institutions, and remove uncertainty in the markets, which is hoped will improve the levels of capital investment and trickle down to house price levels.
The fall of 11% on Irish homes is significant drop compared to the same period last year, with Clare and Cork being the worst affected counties where prices have fallen by 7.8% in Clare and by 7% in Cork.
Prices in Roscommon, Tipperary and Leitrim dropped by more than 6%.
(DW)
The recent figures show the average price of a house is now at €312,500 and says a fall of 3.8% in house prices was recorded in just three months between July and September.
The news comes a day after world markets were rocked by an unprecedented rate of decline in world markets despite efforts by governments to shore up their financial institutions with bail outs and guarantees.
Tuesday's panic selling around the world has led to more action being taken in the main economies, with the British government announcing a part-nationalisation of the country's eight main banks with a bailout worth up to £50billion.
The government said it would provide taxpayers' money to buy major stakes in the banks.
However, despite the announcement, London's FTSE index took a worrying dive following the announcement, but has clawed back to a smaller 3.9 loss on the day so far.
Details of the plan were divulged this morning by the Chancellor, Alistair Darling on Radio 4's The Today Programme, where Mr Darling was unable to say the £50 billion bailout was a guarantee to savings. The dive in FTSE share prices came minutes after the Chancellor's discussion.
The international moves are never-the-less expected to strengthen the financial institutions, and remove uncertainty in the markets, which is hoped will improve the levels of capital investment and trickle down to house price levels.
The fall of 11% on Irish homes is significant drop compared to the same period last year, with Clare and Cork being the worst affected counties where prices have fallen by 7.8% in Clare and by 7% in Cork.
Prices in Roscommon, Tipperary and Leitrim dropped by more than 6%.
(DW)
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30 April 2012
New Research On The Current State On The Irish Housing Market Published
The Central Bank of Ireland today published new economic research, entitled 'Why are Irish house prices still falling?' The Letter begins by assessing the current state of play in the Irish residential property market.
New Research On The Current State On The Irish Housing Market Published
The Central Bank of Ireland today published new economic research, entitled 'Why are Irish house prices still falling?' The Letter begins by assessing the current state of play in the Irish residential property market.
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.
19 April 2017
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
Over 10% Rise Is Residential Property Prices
The latest figures from the Central Statistics Office (CSO) have revealed a 10.7% increase in residential property prices across Ireland. The figures show that in Dublin residential property prices increased by 8.3% in the year to February, Dublin house prices rose 8.1% and apartments increased 9.1% in the same period.
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.
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
