Further house-price falls expected

Economists say there is little sign of a reversal in the fall in house prices. New figures out next week are expected to confirm the slump in the sector where prices have been in freefall since 2007.

Irish house prices have fallen by about a quarter since early 2007 and the Permanent TSB/ESRI survey out on Wednesday is expected to show a year-on-year reduction of about a sixth for September.