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Irish house prices rise for first month in five years

Posted on 26 June 2012

Data is latest sign that market is stabilising after bursting of epic property bubble devastated economy. Irish house prices posted their first monthly rise since 2007 in May, data showed on Monday, in the latest sign that the market is stabilising after the bursting of an epic property bubble devastated the economy.
A stabilisation would ease pressure on the country’s banks, whose mortgage portfolios have been devastated by the price collapse. One in seven Irish home loans were not being fully repaid in the first three months of the year………………………………………..Full Article: Source


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