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...

We're getting back to basics in these recessionary times... ANYONE WHO, like me, has only recently learned to appreciate the wonders of Lidl will not be surprised by Ulster Bank's recent revelation that spending took the biggest nosedive since 1983 in the first three quarters of this year and Irish consumers continue to spend cautiously in the run up to Christmas. There was a time when the stark lighting, the anaemic decor (would a cheery sunburst yellow colour scheme be out of the question Mr Lidl?) and that curiously earthy smell once you hit the door (what is that?) was enough to have some of us running to the more sweet smelling Superquinn for cover. But our priorities are changing and we're discovering that rampant parsimony has its thrills. The psyche of a nation, formed over 10 years of profligate spending, is under review and it's not just property we're holding back on, but household goods, which Ulster Bank attributes to the weakness in the housing market,...

According to a new report from Britain's Royal Institute of Chartered Surveyors (RICS) Ireland's house market was the worst performer in Europe for 2007!

Just browsing through the Irish Newspapers this morning while enjoying my coffee... Plenty Property News for Ireland...Typical headlines today are: "What's your house worth now?" "Prices drop as buyers wait it out" "Southside sales don’t escape downturn" "Price of Limerick homes drop" "Reduced price to spark interest in D6 home" (A bargain now at only €5.5 million - was €6 million!) "Property price rises wiped out by 10pc fall in market" "House prices down €18,000 on average" "Price cuts may trigger domino effect" "Finding affordable townhouse is mission impossible" "Homebuyers opting out of sales now face losing deposits"