Irish average national house prices fell by 0.6% in June according to permanent tsb / ESRI House Price Index ; Prices down by 9.7% in year to June but survey likely understating actual decline
Aug 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish average national house prices fell by 0.6% in June according to the latest edition of the permanent tsb / ESRI House Price Index. This follows reductions [1.2%] in May, [1.1%] in April, [0.7%] in March, [0.8%] in February and [0.7%] in January. In the first half of 2008 average national prices fell by 5.0%, compared with -4.4% to May 2008 and a drop of 2.6% to June 2007. Measuring the rate of growth in the 12 months (year on year) to June, average national prices were down by 9.7%. This compares to a decline of 9.5% recorded in the 12 months to May.