Property prices expected to fall a further 15%
Property prices are forecast to plummet by a further 10% to 15% before the market bottoms out.
Chief economist Alan McQuaid from Bloxham Stockbrokers said the property market will only stabilise when the labour market does.
The details are contained in Bloxham's third quarter Irish Economic Overview.
It is warning of thousands of further job losses before the middle of next year when our economy may see some growth.
Mr McQuaid said official figures show property values are down 23% since the 2007 peak.
He also said he believes the fall will continue for some time yet.
