Asking prices for Irish residential property plunged in fourth quarter of 2011 - - house prices down 18% in year
Jan 3rd, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Asking prices for Irish residential property across Ireland fell by an average of 7.7% in the fourth quarter - - between September and December - - according to the 2011 In Review report published by property website Daft.ie. This is the sharpest three-month fall in house prices to date and means that the percentage fall in prices over the course of 2011 was 18%, as large the fall seen in 2009. The average asking price is now just over €175,000, 52% below the 2007 peak of €366,000.