Average price of houses down €145k since boom

AROUND €145,000 has been wiped off the price of an average house in Ireland since the peak of the property boom, latest figures suggest.

Prices continue to decrease, with an almost 16% plunge in the year up to November bringing the average house price around the country to around €170,000.

The fall has been even sharper in Dublin where the cost of a house has more than halved.