The decline and fall of bricks and mortar

House prices will continue to fall in the new year, according to some market-watchers, and it will be 2014 before the elusive 'bottom of the market' is reached, writes Michelle Devane.

1st January, 2012
The decline and fall of bricks and mortar
Bidders at the Alsopp/Space property auction at the Shelbourne Hotel in Dublin. Photo: PA

What's ahead for the residential property market this year? It's the million-dollar question. Thousands of homeowners and potential purchasers are eager for the market to improve. But is it poised for recovery or about to get much worse?

For a fifth consecutive year, we're starting the new year with falling property prices. A lack of disposable income, oversupply and a lack of credit continues to affect the market negatively and hinder any recovery. The latest...

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