Sunday, 13 July 2008

on Dramatic Property Price Drops in Ireland

"Asking prices on down 8% in past 12 months...

The asking prices for houses advertised on have fallen back to the same levels as May 2006, according to the latest figures from the property website.

Average asking prices are down almost 8% over the past 12 months, with the sharpest falls recorded in Monaghan, Sligo, Offaly, Louth and Cavan. says it expects prices to fall even further as there is an oversupply of houses in certain areas of the country.

However, it says many people, particularly in south Co Dublin, are still posting unrealistic house prices."

... Report from the Belfast Telegraph.

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