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

New 21st-Century Monopoly edition missed a few tricks... Go directly to jail. Do not pass Go. Do not collect €200. We've all had the sinking feeling of picking up a card and reading those words. These days, however, it's also a fair summary of what most of the country would like to say to the politicians, bankers and developers who've landed us in such a mess. Radical The Irish edition of Monopoly has just been given a radical makeover for the 21st century -- but even so, it's hard not to feel that they've missed a few tricks. When Monopoly first appeared in shops exactly 75 years ago, America was in the middle of the Great Depression. Charles Darrow, the man who launched it, had lost his job in the Wall Street Crash and thought that people might enjoy the escapism of a game that allowed people to become property tycoons. He was as astonished as anyone else when it made him a real-life millionaire. In modern Ireland, things are a little bit different. We still like

Gap in asking/selling prices of 'up to 20%'... THE gap between asking prices and selling prices can be as high as 20 per cent says economist Paul Murgatroyd. There is no way for the public to accurately determine selling prices in the absence of a national price database linked to the Land Registry, but Murgatroyd, who analysed MyHome.ie’s price survey published this week, says his view is that the figure is “anywhere between zero and 20 per cent below asking price, depending on the seller, the buyer and the property”. Myhome.ie’s figures indicated that asking prices have fallen in Dublin by 33 per cent since the peak of the property boom at the end of 2006. This followed a price index by Sherry FitzGerald saying that selling prices have plummeted by nearly 50 per cent in Dublin since the peak. Vendors and buyers are being left to figure out current property values for themselves by piecing together information from the few indices available: these include ESRI figures based on