Average Irish national house prices fell by 0.9% in August; Prices down prices by 9.9% in 12-month period
Sep 19th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Average Irish national house prices fell by 0.9% in August according to the latest edition of the permanent tsb / ESRI House Price Index. This follows reductions of [0.2%] in July, [0.6%] in June, [1.2%] in May and [1.1%] in April. In the first eight months of 2008 average national prices fell by 6.0%, compared with a drop of 5.2% to July 2008 and a drop of 3.3% to August 2007. Measuring the rate of growth in the 12 months (year on year) to August, average national prices were down by 9.9%. This compares to a decline of 9.4% recorded in the 12 months to July and a fall of 1.9% to August 2007.