House prices fell €25k in past year

HOUSE prices fell by €25,000 over the past year.

February alone saw prices drop by 0.8%, which means prices are down 8.8% in the 12 months to February this year. This compares with a rise of 9.5% in the year to February 2007.

The latest TSB/ESRI house price index shows the average price paid for a house last month was €283,650 compared with €308,610 in February last year.