Irish House Price Decline Quickens in Last Quarter, Daft Says
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The decline in asking prices for Irish homes accelerated in the fourth quarter of 2010, bringing the overall drop in the year to 14 percent, according to property website Daft.ie.
Average prices declined 4.8 percent to 220,000 euros ($295,000) in the fourth quarter, the biggest drop since the last quarter of 2009, after a 3.7 percent slip in the previous three months, Dublin-based Daft said in a report today. Prices have dropped 40 percent from a peak of more than 365,000 euros in mid-2007, it said.