House prices fall more than a fifth since 2007 peak

HOUSE prices have fallen by more than a fifth since the property bubble peaked in February 2007, the latest market review revealed yesterday.

Average prices are back to levels not seen since the heady days of the construction boom in summer 2004, according to a permanent tsb/ESRI study.

Prices paid last month are down just over 21% in the last two years, with a 10.9% fall in the last 12 months.