Average Irish national house prices fell 10.2% in the year to October
Nov 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Average Irish national house prices fell by 0.8% in October according to the latest edition of thepermanent tsb / ESRI House Price Index. This follows reductions of 1.1% in September and 0.9% in August. In the first ten months of 2008 average national prices fell by 7.8%, compared with a drop of 7.0% in the year up to September 2008. Measuring the rate of growth in the 12 months (year on year) to October, average national prices were down by 10.2%. This compares to a decline of 4.7% recorded in the 12 months to October 2007.