Daft Property - Irish Property News

House prices drop to 2002 levels after 14% fall last year... HOUSE PRICES have fallen back to 2002 levels, according to reports released yesterday. The average asking price for a home nationally fell by between 12 and 14 per cent in 2010, according to property reports from websites MyHome.ie, Daft.ie and auctioneers Sherry FitzGerald. All three reports found the rate of decline had slowed, but none predicted that the bottom of the market had yet been reached. However, real estate agents Savills said property in prime locations was unlikely to fall further. Leitrim was the only county in the Republic where property prices did not fall last year, rising by 1.4 per cent in the last three months of 2010. The average home has now dropped by between 35 and 48 per cent since the peak of the property boom, the reports found. MyHome.ie’s latest property barometer found the average home now costs €217,000, over 13 per cent less than this time last year. Sherry FitzGerald put the national price d...