Residential property prices in ireland fall by 14.3 pc in the year to september

Residential property prices in Ireland continued to collapse last month with the average home now worth almost half of its peak value.

The latest figures from the Central Statistics Office show that nationally prices fell 14.3% in the 12 months to the end of September.

This compares with an annual rate of decline of 13.9% in August and a decline of 11.1% recorded in the twelve months to September 2010.

Residential property prices fell by 1.5% in the month of September. This compares with a decline of 1.6% recorded in August and a decline of 1% in September of last year.

Source: PropertyWire.com