Don't bet your house on end of price falls... Lenihan says we can buy in confidence now prices are realistic -- not according to some valuation models. THE speed of the housing market crash is slowing, the Daft.ie house price report has suggested. It may be losing pace -- but contrary to Brian Lenihan's upbeat take on it, few people think that the market has bottomed out yet. "The residential property market will now be stabilised at a realistic level," Mr Lenihan said after the 47 per cent Nama discount was announced. "You can now buy in confidence that the price is realistic." The wider view is that prices could get a whole lot more realistic before they completely floor. Is there much worse to come? By some calculations house-price values could have far further to fall. One internationally recognised valuation model reveals potential overvaluation in the Irish market of up to 60 per cent -- even after the massive price drops that have already occurred. Du
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