22.12.2011 - Ireland: Average house price drops 16pct in past 12 months
House prices across Ireland continued their precipitous decline last month and the collapse in the market is showing no sign of abating, according to figures published by the Central Statistics Office. The new data indicates that the cost of an average home in the Republic has now fallen by almost 16 per cent in the year to the end of November. The figures show the rate of decline actually accelerating this year when compared with a fall of 11.5 per cent which the CSO recorded in the 12 months to the end of November 2010...............................................Full Article: Source
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