Rate of house price decrease slowing

Average national house prices fell by 1.1% in July, compared to reductions in June (-1.5%), May (-1.3%) and April 2009 (-1.9%).

However, in the first seven months of 2009, national house prices have fallen by 8.7% which compares to a reduction of 5.2% in the same period in 2008, according to the latest edition of the permanent tsb / ESRI House Price Index.