House prices fall 9.2% in April, May & June
July 15th, 2009
A member survey by the Irish Auctioneers & Valuers Institute (IAVI) has confirmed that value of houses has dropped by an average of 9.2% nationwide in the second quarter of the year.
More information can be found here: http://www.iavi.ie/NewsDetail.aspx?rowid=245133
While this will not come as a big surprise to many it is good that this news is coming from the mouths of those who have for so long stoked the fires of the property bubble. If the auctioneers are resigned to the fact that the falls in prices are drastic then you know it must be true.. or even worse.
