Estate agents see a further 5-7% drop in house prices
Thursday 10 January 2013
House prices will fall a further 5% to 7% this year, following a drop of 6.7% in 2012, the real estate agents' association NVM said on Thursday.
House sales in the final quarter of last year shot up nearly 32% as buyers raced to beat the deadline for new mortgage rules, the NVM said.
The average price paid for a house last year was €207,000, down almost 16% since the start of the financial crisis in 2008.
House prices have fallen sharply since spring budget agreement
Hopeful home buyers rush to beat mortgage deadline
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