Skip to main content

Posts

Showing posts with the label news reports

www.daft.ie & The Irish Property Crash - 2008...

www.daft.ie - Quarter 1 2008 Irish property figures are out - and according to today's Irish Independent Newspaper, we are in the middle of major Property price crash! There has been widespread price drops across the country and the trend looks set to continue for the foreseeable future... "ASKING prices for houses in some of the country's most affluent areas have plummeted by a massive 7pc in the space of just three months, according to a new survey published today. The report reveals property prices in the leafy suburbs of south county Dublin tumbled by an average of €40,000, or 6pc, in the first quarter of 2008. In Co Wicklow, prices also took a dramatic nose dive of more than €35,000 (7pc). The average price for a house in south county Dublin now stands at €649,383. Asking prices in Co Wicklow dropped to €445,681, the new survey by Daft.ie has found. Nationwide, the property slump caused asking prices to fall by 1.2pc. The drop is in sharp contrast to late 2007, when a...

Irish Property News - House Prices 2008

More good news today? (...well for hopeful home buyers anyway!) Irish House prices look set to fall by at least 5pc in 2008. This is according to Austin Hughes (an IIB group Homeloans economist,) during a presentation on the housing market outlook in Ireland for 2008. He also added..."The housing slowdown has been a good bit more severe than I had anticipated."