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Irish Housing Has Yet to Trough as Prices Decline, Report Says

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Ireland’s housing-market slump has yet to trough in the wake of the recession, property website operator MyHome said, after two reports showed price declines continued in the third quarter.

Home values dropped 3.9 percent in the three months through September from the second quarter, when they fell 3.4 percent, the Dublin-based company said in a statement late yesterday. A separate report from property company Daft.ie today showed prices declined 3.7 percent in the same period.