House prices ‘to fall’ 18%

HOUSE prices are set to plunge by a further 18% according to one of the world’s top ratings agency as shares nosedive. This news comes as banks fell sharply on a day the ISEQ lost 3.3% following yet another turbulent day on the markets.

AIB fell almost 9% to €1.04 while Bank of Ireland plunged 14% to 76c. Irish Life and Permanent was down 4% to €2.18.

The airlines were mixed with Ryanair up slightly less than 1% to €3.20 and Aer Lingus falling 1% to 70c. CRH was down 3% to €17.60.