Last week got off to a grim start with the news that residential property prices took another steep tumble in February, bringing their annual decline up to nearly 18 per cent, according to data from the Central Statistics Office. According to official figures, that puts the peak-to-trough slide at 45 per cent, although anecdotally prices are even worse.
The drop reversed what appeared to be a stabilisation in house prices late last year. Now they are falling...
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