Second-hand house prices droping
Published April 2nd, 2007
Estate agent Sherry Fitzgerald says its figures show a 1.1% drop in second-hand house prices in the first three months of this year, following growth of more than 18% in 2006.
The fall was even sharper in Dublin, at 2.3%. The figures show prices rose by 0.2% in the quarter when Dublin was excluded.
Sherry Fitzgerald economist Marian Finnegan blamed ‘a reduction in consumer confidence in the performance of the market’ for the drop. She attributed this to higher interest rates and speculation about changes in stamp duty in the Budget.
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