Rents crucial for wider market recovery
The stabilisation of prices is some way off - for it to be achieved, rents need to level off
This year marked the fourth straight year of falling house prices and contracting construction in the Irish residential property market. Property crash experts would not be surprised at such a long contraction; the general rule is, the longer the boom, the longer the bust.
Unfortunately, we do not have a definitive barometer of prices currently being achieved.
But indications from asking prices are that the value of property has fallen by anywhere between 30 per...
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