Davy Report-House Prices fall 10.7% in 2008 & 7.2% 2009

House prices to fall a further 17.9% over the next 18 months - that’s a crash in anyones language.

Story on RTE this morning …

rte.ie/news/2008/0528/economy.html

So assuming their usual VI optimism, anyone care to hazzard a guess on the real numbers :question:

Assuming they believe their own hype then they must be expecting increased price inflation to come up with those numbers.
IMHO we are in for a period of ‘negative growth’.

To use estate agent speak, this is stunning news. I would imagine that we will move quickly through fear and into panic mode.

duplicate thread discussion continued here -
thepropertypin.com/viewtopic.php?t=10312