Menu
14/01/2009
Dublin Homes Down 15%
Dublin property values have fallen by 15%, according to a survey published by Irish Auctioneers and Valuers Institute.
It is the second consecutive year that the capital has seen a fall in property prices, with a 10% drop the previous year, this suggests that prices have plunged 25% since their peak.
The survey also showed new houses losing about a fifth of their value outside of Dublin, from their peak price.
The survey also shows that rents for retail and office spaces are substantially down with prime retail rents per square metre in Dublin having fallen by around €600 over the course of last year.
The gloomy reported is joined by a the latest economic analysis from consultants PricewaterhouseCooper, which has forecast the economy to plummet from a growth rate of 6% experienced in 2007 to a shrinkage of 4.1% in 2009, following an estimated contraction last year.
The report comes as it was revealed that the eurozone officially fell into recession last week for the first time since the introduction of the euro.
The eurozone is now technically in a recession, driven by contractions in several key economies, according to the report.
(DW/BMcC)
It is the second consecutive year that the capital has seen a fall in property prices, with a 10% drop the previous year, this suggests that prices have plunged 25% since their peak.
The survey also showed new houses losing about a fifth of their value outside of Dublin, from their peak price.
The survey also shows that rents for retail and office spaces are substantially down with prime retail rents per square metre in Dublin having fallen by around €600 over the course of last year.
The gloomy reported is joined by a the latest economic analysis from consultants PricewaterhouseCooper, which has forecast the economy to plummet from a growth rate of 6% experienced in 2007 to a shrinkage of 4.1% in 2009, following an estimated contraction last year.
The report comes as it was revealed that the eurozone officially fell into recession last week for the first time since the introduction of the euro.
The eurozone is now technically in a recession, driven by contractions in several key economies, according to the report.
(DW/BMcC)
Related Irish News Stories
Click here for the latest headlines.
19 May 2014
Labour Euro Candidate Launches 'Seven Point Plan'
Labour European election candidate Emer Cotello, has vowed to make Europe work better for Dublin, as she launched a seven point plan as part of election campaign. One-third of Ireland’s population lives in Dublin. An economically vibrant Dublin is therefore vital to Ireland’s overall economic and social well-being.
Labour Euro Candidate Launches 'Seven Point Plan'
Labour European election candidate Emer Cotello, has vowed to make Europe work better for Dublin, as she launched a seven point plan as part of election campaign. One-third of Ireland’s population lives in Dublin. An economically vibrant Dublin is therefore vital to Ireland’s overall economic and social well-being.
10 August 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.
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.
20 December 2011
House Prices Drop 15%
Ireland's house prices have fallen by 15.6% for the year to November, according to statistics from the Government. The Residential Property Prices report by the Central Statistics Office (CSO) found that the fall was deepening with the fall of 15.6% comparing to an annual rate of decline of 15.1% in October and a decline of 11.
House Prices Drop 15%
Ireland's house prices have fallen by 15.6% for the year to November, according to statistics from the Government. The Residential Property Prices report by the Central Statistics Office (CSO) found that the fall was deepening with the fall of 15.6% comparing to an annual rate of decline of 15.1% in October and a decline of 11.
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.
27 August 2014
Property Prices Increase In Dublin - CSO
Property prices in Dublin rose by 27% in July, according to the Central Statistics Office (CSO). Dublin house prices increased by 2.5% in the month and were 23.1% higher compared to a year earlier. Dublin apartment prices were 26.3% higher when compared with the same month of 2013. The price of properties in the rest of Ireland increased by 1.
Property Prices Increase In Dublin - CSO
Property prices in Dublin rose by 27% in July, according to the Central Statistics Office (CSO). Dublin house prices increased by 2.5% in the month and were 23.1% higher compared to a year earlier. Dublin apartment prices were 26.3% higher when compared with the same month of 2013. The price of properties in the rest of Ireland increased by 1.
-
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.
