Housing market ‘has bottomed out’

THE housing market is showing signs it has bottomed out with figures indicating house prices have plunged by a third from their peak.

Housing market ‘has bottomed out’

A survey of mortgage brokers by KBC Ireland found that their view on the 36% house price drop is similar to their response in the last survey.

KBC economist Austin Hughes said this hints that there has been some bottoming out in prices in recent months.

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