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Jan 15, 2012 - 12:22

House prices continued to fall in 2011

The MyHome Newsdesk
By The MyHome Newsdesk
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House prices continued to fall in 2011

House prices continued to fall across the country in 2011, with Co

Wexford showing the steepest decline at 34%.

According to the annual house price survey published in today's Sunday Times, house prices fell further last year than they did in 2010.

Average prices fell by 17% last year, compared to an average decline of 12% in 2010.

The annual survey shows prices have fallen for over four years and values are now close to where they stood at the turn of the millennium.

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Nationally, on average, those who purchased at the peak in early 2007 are now living in homes worth 55% less than they paid for them.

The five best performing markets overall were Counties Monaghan and Longford, both down 5%; Limerick City, down 5.4%; Co Kilkenny, down 10% and Co Roscommon, which reported a negligible year-on-year change in house prices.

The worst performing locations - in addition to Wexford - were Tipperary South, West Co Dublin, Dublin 10 and Dublin 20; all of which were down by 25%.

Dublin 24 fell by 23%, Dublin 9 homes dropped by 22.5% and Dublin 7 houses fell by 22%.

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  • Tags
  • annual survey
  • decline
  • Dublin
  • Dublin 10
  • Dublin 20
  • Dublin 24
  • Dublin 7
  • Dublin 9
  • house prices
  • Kilkenny
  • Limerick City
  • Longford
  • Monaghan
  • Roscommon
  • Sunday Times
  • Tipperary South
  • West Co Dublin
  • Wexford
The MyHome Newsdesk
By The MyHome Newsdesk
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