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Property Prices Fall Again...

Property prices fall again but pace eases...

PROPERTY prices fell again last month, new figures out today show.

Prices were down 0.5pc in March but this was a slower fall than in the previous month, according to the Central Statistics Office.

 In the year to March the fall was 3pc nationally.

 Dublin prices were 1.4pc higher than a year ago, despite a 0.8pc fall in March.

 Prices have now halved countrywide since the peak of the housing boom in 2007.

 Dublin prices are down 56pc, with those in the rest of the country down by 49pc.

 Although the pace of price falls have eased, the latest figures mean recovery in prices is still some way off.
Report by CHARLIE WESTON - Irish independent
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