According to the latest quarterly report from MyHome.ie property prices continued to decline in Q3 with asking prices down 3.9% nationally and down 4.3% in Dublin.
Highlights from the report showed that new builds fared best in the quarter as properties in the Dublin commuter belt, such as Wicklow, Kildare, Meath experienced bigger price falls during Q3.
Jean Goggin from DKM Economic Consultants and an author of the MyHome.ie Q3 Property Barometer said; "While the data suggests some improvement in property market conditions it is clear that we have not yet reached the bottom of the market… however, 2011 is likely to bring some improvement in the general economic climate which should boost consumer confidence and provide more certainty to households regarding employment and incomes.”
The average asking price for a home nationally is now €280K compared to €291K three months ago and €323K twelve months ago.
