Fitch Ratings said Irish home prices, which have dropped by 50 per cent since the peak of the market in 2007, may fall by an additional 20 per cent.
“Fitch expects the largest further house price declines for peripheral countries,” the ratings company said in a
statement. “Different from Fitch house price forecasts for most countries, the house price assumption for Ireland is a conservative estimate reflecting various downside risks in the market.”
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