Davy: House prices 'could fall by 70%' from peak

House prices could fall by as much as 70% from the peak of the boom, according to Davy Stockbrokers.

Thu, 15 Mar, 2012 - 13:17

House prices could fall by as much as 70% from the peak of the boom, according to Davy Stockbrokers.

In a report today the company said the true extent of the price fall exceeds the 48% indicated by CSO figures.

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<p>Nearly two thirds, 62%, of Gen Z respondents in Ireland said the cannot afford a home, significantly higher than the global average of 51% for this demographic of Gen Zs. Similarly, millennials in Ireland are also finding it harder to afford a home compared to the survey’s average, 49% to 40%. File picture</p>

Housing affordability impacting younger generations' career and life decisions

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