Calls for urgent probe into planning system
The call for an investigation into the property market by the National Institute for Regional and Spatial Analysis (NIRSA) came as research confirmed house prices have plummeted to 2002 levels, with oversupply raising the possibility of further steep declines.
The Permanent TSB/Economic and Social Research Institute (ESRI) house price index reveals how the average house price decline in Dublin in the 12 months to the end of the June was 24.6% compared with a fall of 14% nationally. The average national house price stands at €201,364, 35% below the 2006 peak.
