Irish average national house prices fell 9.7% in year to February 2009; Index based on small volume
Mar 26th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish average national house prices fell by 0.8% in February 2009, according to the latest edition of the permanent tsb / ESRI House Price Index. This compares to reductions in January (-1.4%), December 2008 (-0.9%) and November 2008 (-0.5%). Measuring the rate of growth in the 12 months (year on year) to February, national prices were down by 9.7%. This compares to a decline of 9.8% recorded in the 12 months to January 2009. In the first two months of 2009 national house prices have fallen by 2.1% which compares to a reduction of 1.5% in the same period in 2008.
