Fitch expect 60% fall in property prices

Fitch expect 60% fall in property prices

International credit ratings agency Fitch has said that it now expects property prices in Ireland will fall by 60% from peak values.

It previously forecast that houses and apartments would halve in value - compared to the levels in 2007.

Fitch also said that the speed at which mortgage arrears are increasing is unlikely to slow in the near future.


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