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Ratings agency predicts further 20pct fall in Irish residential property prices

Posted on 09 January 2013

Ratings agency Fitch expects house prices in Ireland to decline by a further 20% from current levels. In its latest residential mortgage briefing Fitch outlines what it refers to as “substantial concerns” for the peripheral eurozone markets of Spain, Portugal, Greece, Ireland and Italy.
“Fitch anticipates depressed mortgage lending, continued declines in house prices and pressure on incomes and consumer confidence,” it said………………………………………..Full Article: Source


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