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15/01/2009
Auctioneers Reaffirm House Price Falls
The Irish Auctioneers and Valuers Institute has reaffirmed much-mooted predictions that property prices in Dublin fell by 15% last year.
A survey by the institute also found a significant drop in commercial rental costs.
Members reported an average house price decrease of 15% in the capital city.
This figure, coupled with the 10% reduction in 2007, would suggest prices have slumped by around 25% from their 2006 peak.
Outside of the capital, the survey showed new houses losing about a fifth of their value from their peak price.
Second hand homes have also suffered from the property market slump. Around 18% was wiped off prices in Dublin last year, with areas such as Leinster reporting 15% falls.
Apartments have not faired well in the price cuts either, with both new and old builds costing 20% less in the market.
Rents and office space cost have dipped, with prime retail rents per square meter in Dublin having fallen by around €600 over the last year, according to the survey.
(PR/KMcA)
A survey by the institute also found a significant drop in commercial rental costs.
Members reported an average house price decrease of 15% in the capital city.
This figure, coupled with the 10% reduction in 2007, would suggest prices have slumped by around 25% from their 2006 peak.
Outside of the capital, the survey showed new houses losing about a fifth of their value from their peak price.
Second hand homes have also suffered from the property market slump. Around 18% was wiped off prices in Dublin last year, with areas such as Leinster reporting 15% falls.
Apartments have not faired well in the price cuts either, with both new and old builds costing 20% less in the market.
Rents and office space cost have dipped, with prime retail rents per square meter in Dublin having fallen by around €600 over the last year, according to the survey.
(PR/KMcA)
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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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