Asking prices for apartments to plunge by 14% this year

ASKING prices for apartments in Cork city fell slightly last month but nationally prices are expected to plunge 14% this year.

This is slightly less than the 18% drop last year, according to property price analysts, MyHat.ie. So far this year property prices in Dublin, Cork and Galway are down by 6%.

In Dublin asking prices for two-bedroom apartments fell in May by 1.5%, to bring the overall fall so far this year to 6.5%.