Dublin market leads way in house value collapse: survey

A NATIONWIDE review of the Irish property market among IAVI member auctioneers shows the Dublin market leading the league of major value collapses.

At a time of major developers’ loans moving into NAMA, some Dublin apartment sites are down by 73% in value, while high-end housing in the capital has seen values tumble by 60%, say front-line selling agents.

And, they say, the drops are nearly over, with the market for second-hand or existing homes at least near rock bottom.