10.8pc plunge in Irish house prices... House prices in Ireland are falling at a double-digit rate but property values in other countries are showing signs of stabilising, research indicated today. The average cost of a home in Ireland dropped by 10.8pc during 2010 as the market suffered from the fall-out of the country's economic problems, according to estate agent Knight Frank. The drop was the biggest recorded for the total of nearly 50 countries looked at by the group. The pace of the falls are also showing little sign of easing, with property losing 3.5pc of its value during the final quarter alone. Steep price falls were also seen in Dubai, with property values diving by 6.1pc during the third quarter of 2010, the latest quarter for which figures are available. But there was better news for those who have bought second homes in France, with house prices in the country actually rising by 9.5pc during 2010. The more conservative French mortgage market means that hous
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...