Irish house prices could fall another 20% - Fitch

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.

8th January, 2013
Despite the warning from Fitch, there has been speculation that house prices are stabilising, particularly in Dublin.

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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