| From Globalpropertyguide.com: House prices in Ireland are expected to fall for years to come, as it braces for massive tax hikes and sharp spending cuts. The painful measures are conditions for the €85 billion (USD113 billion) bailout from European Union (EU) and the International Monetary Fund (IMF).
Ireland’s house price crash, one of the worst in Europe, has wiped out almost a decade of gains. In Q3 2010, the average price of houses fell 14.8% to €198,689 from a year earlier, 36% down on the peak price of €310,381 reached in Q4 2006, according to Permanent TSB/ ESRI house price index. .............................................Full Article: Source
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