House prices continue to fall
Residential property prices have fallen by 14.3% in the year to September, according to new data released today by the Central Statistics Office (CSO).
This compares with an annual rate of decline of 13.9% in August and a decline of 11.1% recorded in the 12 months to September 2010.
Residential property prices fell by 1.5% in the month of September, compared to a 1.6% fall in August and a 1% decline in September last year.
Overall, property prices are 44% lower than at their highest level in 2007.
The fall is more pronounced in the capital, with residential property prices in Dublin 52% lower than at their highest level in February 2007.
