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Ireland: Residential prices fall 60pct since peak

Posted on 10 October 2012

Houses and apartments being sold at auction are selling for an average of 60% less than their value at the peak of the property market. Research by Central Bank economists on residential property auctions finds just over 400 houses and apartments have been sold at auctions over the past year.
The properties sold for a combined €52.6m. The average selling price of €173,000 was 60% lower than asking prices at the peak of the housing market………………………………………..Full Article: Source


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