Property market stable as prices ease

Sherry FitzGerald, Ireland's largest estate agents announced today that the average price of a second-hand property in Ireland eased back moderately by 1.1% during the first three months of 2007.

However, if one excludes the Dublin market from the analysis the market show a very modest growth of 0.2% during the first quarter. This follows growth of 18.1% during the calendar year of 2006.