Monday January 27, 2020

Why are house prices still falling?

New research by the Central Bank on the current state of the Irish housing market suggests prices have now overcorrected by between 12 and 26 per cent.

30th April, 2012
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“It is striking that the Irish market has experienced a decline similar in size to Japans’ in such a relatively short space of time,” the research said.

New research by the Central Bank on the current state of the Irish housing market suggests prices have now overcorrected by between 12 and 26 per cent.

The research, entitled ‘Why are Irish house prices still falling?’, said that “the severity of the Irish property collapse since 2007 is now truly significant in a cross-country context.”

With over 4 years and counting of steady declines, as of the third quarter of 2011, the Irish...

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