Average Irish national house prices fell 9.6% in year to November
Dec 19th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Average Irish national house prices fell by 0.5% in November according to the latest edition of the permanent tsb / ESRI House Price Index. This follows reductions of 0.8% in October and 1.1% in September. So far in 2008 [January to November incl] average national prices fell by 8.3%, compared with a drop of 7.8% in the year up to October. Measuring the rate of growth in the 12 months (year on year) to November, average national prices were down by 9.6%. This compares to a decline of 5.9% recorded in the 12 months to November 2007.