Irish national house prices back to Summer 2004 levels; Prices down 6.2% in first five months; Prices for first-time buyers fell 9.2% signalling distress sales
Jun 25th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish national house prices are now back to Summer 2004 levels. Average national house prices fell by 1.3% in May according to the latest edition of the permanent tsb / ESRI House Price Index. This compares to reductions in April (-1.9%), March (-1.0%) and February 2009 (-0.8%). Nationally prices were down 6.2% in first five months but prices for first-time buyers continue falling fastest at 9.2% - - signalling distress sales by builders.