The lost decade: prices now back to 2001 level... The property industry felt it could walk on water during the first half of the noughties, but after 2006, it all began to go terribly wrong. SO HOW did it all go so wrong in the property market? For a while there, mid-noughties, people in the property business felt they could walk on water. Now, with almost a decade of growth wiped off the value of Irish homes, both buyers and sellers are asking, how low can we go? Are we still in freefall, bumping along the bottom, or seeing the beginnings of recovery? Nobody wants to make the call. Surprisingly, they were asking the same questions back in 2001. “Now that the boom is over, everyone wants to know what is going to happen to property prices. Is now a good time to buy, will values drop even more in the spring? Should sellers wait?” this supplement asked in December 2001. After six consecutive years of growth since the mid-1990s, and the euphoria of the millennium, 2001 proved a tough year
Is Ireland in a new property bubble? Follow us to keep updated for 2024. We take a look at the daft property scene in post Celtic Tiger Ireland! Discover our selection of the top Irish property news and watch house price trends for Ireland and more...