House prices fall for first time in 10 months

The price of homes has fallen nationwide for the first time in 10 months.

The latest figures from the Central Statistics Office reveal that in the month of January, residential property prices fell by 1.4% nationwide.

This is the largest fall in national prices observed in a single month since February 2012. Despite this fall, residential property prices remain up 15.5% over the last 12 months.