House prices 'fell 15% in last year' - NCB & myhome.ie

House prices ‘fell 15% in last year’

Asking prices for houses have declined 15 per cent over the 12 month period to the end of March, according to a survey by NCB Stockbrokers and property website MyHome.ie published today.

In the first three months of the year asking prices declined 1.4 per cent. This follows a fall of 0.2 per cent in the previous three-month period.

House sellers and property developers are cutting prices as rising borrowing costs curtail home buying.

myhome.ie/residential/advice-centre/1119-1121-2390/myhome.ie-ncb-property-barometer—q1,-2008.asp