Property prices may fall further, insist Fitch

January 8, 2013 The MyHome Newsdesk by The MyHome Newsdesk
Property prices may fall further, insist Fitch

Fitch Ratings insist that property prices here may fall by an additional 20%.

Since 2007, the average house price in Ireland has fallen by around 50% but according to Fitch there could be some way yet to go before the property market begins to fully stabilise.

In a statement today, the ratings agency said: “Fitch expects the largest further house price declines for peripheral countries.

“Different from Fitch house price forecast for most countries, the house price assumption for Ireland is a conservative estimate reflecting various downside risks in the market.”

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Fitch acknowledged though that it is “also conceivable” that Irish prices will stabilise sooner and at a higher level than its base case assumption suggests.

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Uncategorized Fitch property market property prices rating's agency ratings

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