| From Shelteroffshore.com: The rise of the Celtic Tiger has been spectacular and the Irish property market has soared alongside the growth of this European nation. Following on from an IMF report in 2000 that stated that Irish property prices were unlikely to continue to grow strongly for long, house prices actually went on to triple between 2000 to 2006.
However, the beginning of 2007 saw demand for residential property begin to fall, and as a whole 2007 saw prices falling by 7.3% on average across the whole nation. During 2008 prices of residential property in Ireland continued to slide, and at the end of 2008 average house prices had dropped by a staggering 9.1%.....Full Article: Source
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