Slash mortgage repayments right now

THE latest Permanent TSB/ESRI House Price Index makes interesting reading.

Slash mortgage repayments right now
Tue, 03 Aug, 2010 - 01:00
Letters

The average price for a house in Ireland in the second quarter of 2010 was €201,364. The average cost of a house in 1996 was €79,682.

By comparison, the consumer price index (CPI) published by the CSO rose by 42.5% from June 1996 to June 2010. If one applies that CPI increase to the average price of a house in 1996, then the average price of a house today should be only €113,575.

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