This photograph was taken by Kevin Toolis of UK film company,
Many Rivers Films, on a ghost estate in Leitrim, Oct 14, 2010.
Irish house price falls accelerated in
June while apartments in Dublin are 54% lower than they were in February
2007, according to the Central Statistics Office.
In the year to June, residential property prices at a
national level, fell by 12.9% . This compares with an annual rate of
decline of 12.2% in May and a decline of 12.4% recorded in the twelve
months to June 2010.
Residential property prices fell by 2.1% in the month of
June. This compares with a decline of 1.2% recorded in May and a decline
of 1.2% in June of last year.
In Dublin residential property prices fell by 2.4% in
June and were 12.6% lower than a year ago. Dublin house prices fell by
2.4% in the month and were 11.9% lower compared to a year earlier.
Dublin apartment prices fell by 1.5% in the month of June and were 15.3%
lower when compared with the same month of 2010.
The price of residential properties in the Rest of
Ireland (i.e. excluding Dublin) fell by 1.9% in June compared with a
decline of 1.3% in the same month of last year. Prices were 13% lower
than in June 2010.
House Prices in Dublin are almost 47% lower than at
their highest level in early 2007. Apartments in Dublin are 54% lower
than they were in February 2007. Residential property prices in Dublin
are now 49% lower than at their highest level in February 2007. The fall
in the price of residential properties in the Rest of Ireland is
somewhat lower at almost 39%. Overall, the national index is 42% lower
than its highest level in 2007.
Department of Environment, Heritage and Local Government publishes
comprehensive housing data in conjunction with the CSO.
Quarterly data on prices back to the
searchable database is accessible from here.
House Prices, Loans and Profile of Borrower