Market in state of flux as new-home prices drop

As 2006 draws to a close, the new homes market has been attracting front-page headlines.

2nd December, 2006

As 2006 draws to a close, the new homes market has been attracting front-page headlines. The latest figures from the Permanent TSB/ESRI monthly house price index revealed that pr ices had dropped by 0.4 per cent in October, the first decline in two years. So what has contributed to this new dynamic, how indicative is it of things to come, and what is in store for 2007?

Geoff Tucker, economist with Hooke & MacDonald, said that a...

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