Irish National House Prices: Prices plunged in April as developers cut prices on new houses and tightening credit conditions deterred buyers
May 31st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish National House Prices: Prices plunged in April as developers cut prices on new houses. Tightening credit conditions and rising mortgage rates have deterred buyers. The drop in the price of new homes was almost twice the national rate. Data from the Central Bank show that the growth in mortgage lending last month fell to its slowest rate since 1992.