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21/11/2011
House Prices Nearly Half That Of 2007 Levels
House prices have nearly halved in four years, according to new figures from the Central Statistics Office.
Figures from the CSO released on Monday show that residential property prices fell by 2.2% during October, 15.1% lower than in same period last year.
Overall, house prices are 45% lower than their peak level in 2007 with prices in Dublin recording the biggest drop at 51% below peak levels and apartments down 60%.
House prices in Dublin fell 3.2% last month, giving an annual drop of 17.5%. Apartment prices in Dublin dropped 21.2% over 12 months, following a 2.3% during October.
Prices in the rest of the country fell by 2.1% in October, giving an annual drop of 13.8%.
(DW)
Figures from the CSO released on Monday show that residential property prices fell by 2.2% during October, 15.1% lower than in same period last year.
Overall, house prices are 45% lower than their peak level in 2007 with prices in Dublin recording the biggest drop at 51% below peak levels and apartments down 60%.
House prices in Dublin fell 3.2% last month, giving an annual drop of 17.5%. Apartment prices in Dublin dropped 21.2% over 12 months, following a 2.3% during October.
Prices in the rest of the country fell by 2.1% in October, giving an annual drop of 13.8%.
(DW)
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