More gloom for irish property market prices

Residential property prices in Ireland have fallen by almost 14% in the last year, with Dublin hit the worst, according to the latest figures from the Central Statistical Office.

Nationally prices fell by 13.9% in the year to August. This compares with an annual rate of decline of 12.5% in July and a decline of 10.8% recorded in the twelve months to August 2010.

Residential property prices fell by 1.6% during the month of August. This compares with a decline of 0.8% recorded in July. In 2010 there was no Change recorded between July and August.

Source: PropertyCommunity.com