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#House Prices

# house-prices - Tuesday 3 January, 2012

The 9 at 9: Tuesday 9 At 9 This post contains videos

The 9 at 9: Tuesday

Nine things you need to know this morning…

Not-so-happy new year: House prices still dropping as January begins

Two new reports show the property market continued its decline right up to the end of 2011, with few signs of an immediate recovery.

# house-prices - Monday 26 December, 2011

We're not the only ones - China has ghost estates too Ghost Estates This post contains images

We're not the only ones - China has ghost estates too

The country has whole ‘ghost cities’ as well!

# house-prices - Tuesday 20 December, 2011

House prices still in freefall, down 15.6 per cent for the year

Property prices are down a massive 46 per cent from their peak, according to new figures from the CSO.

# house-prices - Tuesday 29 November, 2011

GALLERY: 112 distressed properties going under the hammer in fourth auction Property This post contains images

GALLERY: 112 distressed properties going under the hammer in fourth auction

It’s the fourth Allsop Space auction of distressed property tomorrow – and we’ve got some highlights of what’s on offer…

# house-prices - Monday 21 November, 2011

Going down: Residential property prices fall again in October

Property prices fell by over 15 per cent in the year to October, according to the CSO.

# house-prices - Friday 28 October, 2011

Column: A crash course in the economics of flooding

Economist Ronan Lyons looks at how floods affect our thinking – and wonders if we know enough about the risks.

# house-prices - Monday 3 October, 2011

House prices down 3.2 per cent… or 3.5 per cent, depending on which report you read and have released their latest figured for house prices in the third quarter of the year…

# house-prices - Saturday 27 August, 2011

Poll: Would you buy a house in the current market? Your Say This post contains a poll

Poll: Would you buy a house in the current market?

With Ireland at the bottom of the table when it comes to falling property prices, we’re asking if it’s a good time to put down a deposit…

Worst in the world: new figures reveal extent of Ireland's property crash

Of all the countries surveyed by Global Property Guide, Ireland experienced the worst house price decline in the past year.

# house-prices - Wednesday 27 July, 2011

House prices falling at fastest rate in two years - CSO

The latest Residential Price Index shows that house prices dropped by an average of 2.1 per cent in June.

# house-prices - Monday 4 July, 2011

The 9 at 9: Monday

Nine things to know this morning…

Average house price now under €200k - and there's still room to fall report shows property price fall accelerated in second quarter of 2011. Asking prices nationally fell 5 per cent in three months.

# house-prices - Wednesday 22 June, 2011

Freefall: property prices down by 1.2 per cent in May

House prices have not risen for almost four years now, according to the latest figures from the CSO.

# house-prices - Wednesday 8 June, 2011

Column: House prices are still falling, and there's no sign we've hit bottom, warns Nick Leeson

Recent reports that the property market has stabilised couldn’t be further from the truth – but we still need to be very careful about looking for a saviour, writes former trader Nick Leeson.

# house-prices - Tuesday 7 June, 2011

House prices continued to fall in April - CSO

House prices fell by about 1pc in April 2011, with a total annual fall of over 12 per cent, the latest stats reveal.

# house-prices - Thursday 26 May, 2011

Ireland's economy to stagnate in 2011: OECD

The think tank has encouraged a cut in dole payments to the long-term unemployed, but says house prices will stop falling in 2012 and supports the Irish decision not to raise the corporate tax rate.

The 9 at 9: Thursday

Nine things you need to know by 9am: OECD calls for dole to be cut; Sellafield to be stress-tested by the EU; and why Cheryl Cole was dropped from the US X Factor.

# house-prices - Friday 13 May, 2011

Take 5: Friday

5 minutes, 5 stories, 5 o’clock.

Dublin houses prices down by almost half since peak

New CSO figures confirm the dive in the national property market, with house prices down by 40 per cent nationally since 2007.

# house-prices - Thursday 5 May, 2011

Poll: Have house prices REALLY hit rock bottom? Poll This post contains a poll

Poll: Have house prices REALLY hit rock bottom?

A report by credit ratings agency Standard & Poor’s has good news and bad news about Irish property prices. But what do you think?

House prices hit rock bottom - but they won't rise again anytime soon

Standard & Poor’s said in a report that house prices in Ireland are currently at pre-2000 levels of affordability but it sees no sign of the market being active over the next couple of years.

The 9 at 9: Thursday

Nine things you need to know by 9am: Taoiseach offers finder’s fee for job creation; Obama’s Croke Park gig is called off; Duck! A Potentially Hazardous Object heads for earth…sort of.

# house-prices - Tuesday 5 April, 2011

Poll: Would you buy a house in the current climate? Your Say This post contains a poll

Poll: Would you buy a house in the current climate?

What’s putting buyers off – are they worried about the economy; unable to get a mortgage, or simply holding out for a better bargain? Or have the experiences of the last few years put first-time buyers off for good?

The 9 at 9: Tuesday

Nine things you need to know by 9am: Investigation underway after some gardaí allegedly joked about ‘raping’ and ‘deporting’ Corrib protesters; fears of a serial killer on the loose in New York and why Ireland’s not the only country worried about banking stress tests.

Property market continues to flag as house prices fall again

The average asking price for residential property fell by 3.1 per cent in the first quarter of 2011, according to

# house-prices - Thursday 31 March, 2011

House prices back to 2002 levels

Second-hand property prices down 4 per cent in the first three months of the year.

# house-prices - Thursday 17 March, 2011

Central Bank stress tests consider 13.4% per cent drop in house prices

Central bank stress tests are considering the possibility of a 55 – 60 per cent drop in house prices since the peak of the property boom in 2007.

The 9 at 9: St Patrick's Day

Nine things you need to know by 9am: the taoiseach will meet the US president today, house prices could drop by a further 30 per cent in the next two years, and the Minister for Health delays service cuts.

# house-prices - Tuesday 8 March, 2011

The 12 most overpriced housing markets in the world

The Economist has compiled a list of the world’s most overvalued homes. And, yes, Ireland made it onto the list…

# house-prices - Wednesday 5 January, 2011

Daft report 2010: Asking prices fall 14% reports that asking prices fell by an average of 14% last year – but not uniformly, marking the end of a single national property market.

# house-prices - Wednesday 20 October, 2010

More than one in three local authority loans are in arrears

Meanwhile, data shows average national house prices are back at 2002 levels.

# house-prices - Tuesday 10 August, 2010

PLANS TO DEVELOP the second phase of a housing scheme on the site of the former Dún Laoghaire Golf Club have been approved, according to reports from RTÉ.

An Bord Pleanála overruled an inspector’s report today to give the go-ahead for 605 residential units on the northern section of the development. The plans are mainly for apartment blocks, some of which are as high as seven storeys.

The board said that the “coherent approach” of the proposals submitted, as well as the commitment to follow sustainability guidelines set out, meant that granting permission at this point was not premature.

It added that the approval of a high density development would not cause problems because of the location.

The planners, Cosgrave Developments, has already been granted permission for 856 units on the southern section .

A small number of houses on the site are expected to go on sale next month.

# house-prices - Thursday 29 July, 2010

THE LATEST ESRI/Permanent TSB house price index shows prices down over 35% from 2006, the peak of the housing boom.

The index is based on agreed sale prices and is calculated based on mortgages draw down, shows the decline in the average houseprice was 1.7% from April to June. This is the lowest quarterly reduction since the 2008.

Prices have fallen by 6.4% from January – June of this year. This compares to a drop  of 8.1% for the same period in 2009, but the year on year decline from June 2009 – June 2010 is 17%

The average price for a house nationally was €201,364, compared with €242,593 in Quarter 2 2009 and  €311,078 at their peak.

House prices in Dublin fell by 3.5% from April-June 2010 while prices outside of Dublin fell by 0.8% in the same period.

Niall O’ Grady, General Manager with Permanent TSB said “While prices continue to fall at different levels in Dublin versus the rest of the country, this reduction in Quarter 2 is the lowest recorded quarterly fall in almost two years.  This may indicate that prices are starting to find a more sustainable level after almost three and a half years of decline”

Figures from earlier in the year showed a similar drop in house prices.

Meanwhile, a report this morning says there is an oversupply of housing in Ireland and that over 300,000 houses in Ireland are unoccupied.

# house-prices - Tuesday 13 July, 2010

A REPORT from the Department of the Environment says that almost 200,000 homeworkers are facing negative equity by the end of the year. The Housing Market Overview 2009 says price recovery will take longer outside urban areas, and that the downturn may be longer and more severe than expected.

Demolition may be the most likely option for these houses, that may never sell.

Figures from say the average price paid for a home is €224,000, a drop of 36% from €352,500 in 2007, when the Celtic Tiger was in its prime. House prices in Dublin have dropped 40% to an average of €272,500, down from €457,000. The Daft report tracks the asking price for houses between March and June this year. The report says that prices fell a further 4% during the period, a smaller drop than in previous period., and Permanent TSB have previously reported drops of 27% and 34% between January and March this year.

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