Jury still out on fate of housing market

TWELVE months ago, the authors of the respected Permanent TSB/ESRI house price index predicted house prices would grow by up to 6% during 2007.

Jury still out on fate of housing market
Sat, 02 Feb, 2008 - 00:00
Sean McCarthaigh

Yesterday, the results of the latest index showed house prices actually fell by an average of 7.3% last year.

A welcome correction in the market or the first winds of a dramatic housing slump? The jury remains out.

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<p>The latest property price index from the Central Statistics Office shows that property price inflation reached its lowest level since February 2024 in March with households paying a median price of €390,461 for a home in the last 12 months. File picture</p>

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