Irish house prices fell by 13.2% in real terms in 2008
Jan 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The 2008 year-end edition of the permanent tsb House Price Index - compiled in association with the ESRI - reveals that average house prices nationally declined by 9.1% in 2008 compared to a drop of 7.3% in 2007. If you take account of inflation during 2008 [4.1%], this is equivalent to a decline in real prices of 13.2% in the year.