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• House prices down 10pc to 2004 level

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  Helena Deane    Group moderator

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  House prices down 10pc to 2004 level

  House prices nationally fell another 1pc in March, 3.1pc in the first three months of 2009 and are down 10pc in the year to levels not seen since 2004, the latest permanent tsb / ESRI House Price Index shows.
  
  The index shows that the pace of the fall in house prices is picking up. The 10pc annual fall compares to a decline of 9.7pc recorded in the 12 months to February 2009.
  
  In the first three months of 2009 national house prices have fallen by 3.1pc which compares to a reduction of 2.2pc in the same period in 2008.
  
  The average price paid for a house nationally in March 2009 was E253,546, compared with E261,573 in December and a peak of E311,078 in March 2007.
  
  Dublin house prices fell by 1.2pc in March while there was a reduction of 1.1pc for houses outside Dublin. In February the relative price changes were -2.1pc and -0.9pc.
  
  House prices were reduced by 14.2pc and 9.9pc in the twelve months to March 2009 in Dublin and Outside Dublin respectively. The equivalent rates to February were reductions of 13.3pc and 9.5pc respectively.
  
  The average price paid for a house in Dublin and outside Dublin in March was E334,822 and E218,261 respectively. The equivalent prices in December were E351,096 and E223,984.
  
  House prices in the commuter counties of Dublin fell by 0.6pc in March 2009, compared to a decline of 2.3pc in February. A year on year reduction to March 2009 in the Commuter counties at minus 17.9pc compares with a decline 17.8pc in the 12 months to February. In the first three months of 2009 prices fell by 3.5pc. The price of a house in the commuter counties in March 2009 was E257,956, down from E267,265 in December.
  
  House prices for first-time and second-time buyers fell by 0.3pc and 1.1pc respectively in March 2009. In February the equivalent rates showed reductions of 2.8pc and 0.7pc.
  
  House prices were reduced by 14.3pc and 9.8pc year on year to March 2009 for first-time and second-time buyers respectively. The equivalent rates to February were a fall of 15.2pc and 9.2pc respectively.
  
  (Bizworld)
  
  • 25 Apr 2009, 12:25 pm
  Helena Deane wrote: > House prices nationally fell another 1pc in March, 3.1pc in the first > three months of 2009 and are down 10pc in the year to levels not seen > since 2004, the latest permanent tsb / ESRI House Price Index shows. > > The index shows that the pace of the fall in house prices is picking > up. The 10pc annual fall compares to a decline of 9.7pc recorded in > the 12 months to February 2009. > > In the first three months of 2009 national house prices have fallen > by 3.1pc which compares to a reduction of 2.2pc in the same period in > 2008. > > The average price paid for a house nationally in March 2009 was > E253,546, compared with E261,573 in December and a peak of E311,078 > in March 2007. > > Dublin house prices fell by 1.2pc in March while there was a > reduction of 1.1pc for houses outside Dublin. In February the > relative price changes were -2.1pc and -0.9pc. > > House prices were reduced by 14.2pc and 9.9pc in the twelve months to > March 2009 in Dublin and Outside Dublin respectively. The equivalent > rates to February were reductions of 13.3pc and 9.5pc respectively. > > The average price paid for a house in Dublin and outside Dublin in > March was E334,822 and E218,261 respectively. The equivalent prices > in December were E351,096 and E223,984. > > House prices in the commuter counties of Dublin fell by 0.6pc in > March 2009, compared to a decline of 2.3pc in February. A year on > year reduction to March 2009 in the Commuter counties at minus 17.9pc > compares with a decline 17.8pc in the 12 months to February. In the > first three months of 2009 prices fell by 3.5pc. The price of a house > in the commuter counties in March 2009 was E257,956, down from > E267,265 in December. > > House prices for first-time and second-time buyers fell by 0.3pc and > 1.1pc respectively in March 2009. In February the equivalent rates > showed reductions of 2.8pc and 0.7pc. > > House prices were reduced by 14.3pc and 9.8pc year on year to March > 2009 for first-time and second-time buyers respectively. The > equivalent rates to February were a fall of 15.2pc and 9.2pc > respectively. > > (Bizworld)