House price crash hit starters hardest

First-time housebuyers who paid boom prices to get on the property ladder have been hit hardest by the collapse in house prices, new analysis suggests.

Although there has been a steep fall in the price of large and luxury homes, the biggest drop since the 2007 peak is in one-bed and two-bed apartments and smaller houses.

In a comprehensive analysis of asking prices in more than 4,500 areas of the country, by house-type and size, property website Daft.ie has found that: