Bloomberg News

Irish Home Prices Plunge 16.7% in December from Previous Year

January 24, 2012

Jan. 24 (Bloomberg) -- Irish home prices fell 16.7 percent in December from a year earlier, the biggest drop since February 2010, the Central Statistics Office in Cork said.

Home prices fell 1.7 percent in December from November, compared with a decline of 1.5 percent in November, continuing a decline that started with the collapse of Ireland’s property boom in 2007.

House prices in Dublin are now 54 percent lower than their peak in 2007, while apartment prices in the capital have dropped 58 percent. National residential prices have fallen 47 percent since the peak, the CSO said.

To contact the editor responsible for this story: Finbarr Flynn at fflynn3@bloomberg.net


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