House prices fall by 4%, survey reveals

HOUSE prices around the country have fallen by more than 4% since the start of the year, according to a new report.

A survey by the property website firm, Daft, has revealed that asking prices for residential property dropped by 4.2% in the first three months of 2009 following on from a 5.8% drop in the preceding quarter.

It is the eight consecutive quarter in which prices have fallen providing further evidence of the continuation of the crash in the Irish property market.