Examiner: "Developments dip 66% as housing slump kicks

[jcsmith]

THE predicted downturn in the Irish housing market has become a reality with latest figures showing that registrations fell by two-thirds in October.

Rising borrowing costs and concerns about a worsening property slump are causing potential home buyers to exercise far more caution than a year ago.

Housing registrations fell about 66% to 1,315 last month from a year earlier, Dublin-based Goodbody said yesterday.

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