Survey: Second-hand house prices down

Sherry FitzGerald have announced in a survey today that the average price of a second-hand property in Ireland fell by 2.4% during the final quarter of 2007.

The results from the estate agents for the year to date reveal that prices are down 6.8%.

However, excluding the Dublin market, the figures show a more moderate price reduction with prices falling by 2.1% during the fourth quarter and 3.1% in the year.

In the Dublin market alone, the figures show a price reduction of 2.7% in the quarter, bringing the results for the year to minus 9.9%.

The Cork market shows price reductions of 2.3% in the quarter and 4.5% in the year overall.