CSO: House prices fall faster in November

The annual rate of decline in property prices accelerated last month, according to the Central Statistics Office.

The annual rate of decline in property prices accelerated last month, according to the Central Statistics Office.

The CSO said residential property prices fell by 15.6% in the year to the end of November.

That compares with a 15.1% drop in the twelve months to the end of October.

Prices fell 1.5% in the month of November alone.

The figures also show house prices in Dublin are 52% lower, and apartments are 58% lower than their peak levels in February 2007.

Across the rest of the country, residential property prices are down 42%.

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