| From Themovechannel.com: The old saying, ‘the luck of the Irish' does certainly not apply to Ireland's property market at the moment. After a decade of phenomenal rises, with national house prices soaring by an average of 15 per cent year on year, the boom is now well and truly over.
Buying the average home in Ireland in 1996 set you back £56,000, whereas the same home cost £241,000 in 2006. It was inevitable that the bubble had to burst, as this rate of growth is just not sustainable for a prolonged period of time. .... Full Article: Source
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