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Monday, September 26, 2011

Ireland: "Fall in house prices accelerates"

from irishtimes........

"Irish house prices continued to fall last month, and at a faster pace than the previous month.

House prices dropped 1.6 per cent in August, compared to a 0.8 per cent fall in July. On an annual basis, house prices were 13.9 per cent lower last month than the previous August. This compares to an annual rate of decline of 12.5 per cent in July.


The latest monthly figures, which were released by the CSO today, mean that residential properties are now 43 per cent lower than in 2007".......READ MORE

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