President of the IAVI Aine Myler and MyHome.ie Paul Murgatroyd discussed whether we are at the bottom of the property price market on TV3s Morning Ireland.
A recent IAVI survey reported that residential property values had fallen by 20% on average in 2009. It also suggested that the market has bottomed out ... and values would not fall any further. Paul Murgatroyd said while there is more value to had in the market now, asking prices are still falling. However, there are signs of stabilisation in certain areas and activity in the market has improved with the number of enquiries by potential buyers doubling in the months.
Advertisement