House prices in the in Greater Dublin area have dropped by 64.7% since 2006, according to the latest results from the Douglas Newman Good House Price Gauge.
This drop in value was also mirrored in the organisations 2011 House Price Gauge which recorded a fourth-quarter average price fall of 5.3%, bringing the total annual price fall to 19.95%. As part of its analysis for 2011, the organisation also commissioned an independent assessment of house prices by Dermot O’Leary, chief economist with Goodbody Stockbrokers, in which he stated that a 60% price drop would be an “appropriate level” of price falls for Ireland.
This is based on a comparison with average property prices and income ratios in the UK and yield analysis.
Read more: http://www.irishexaminer.com/breakingnews/ireland/dublin-house-prices-down-almost-65-since-2006-536238.html#ixzz1joIuu9MF
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
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