Irish house price falls accelerating!
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Ireland’s economy is now slowly recovering, but its residential property market is still in deep trouble. In 2011, the national residential property price index plunged by 16.7% (-18.7% inflation-adjusted), based on data released by the Central Statistics Office.
On a quarterly basis, the residential property price index dropped by 5.36% (-5.39% inflation-adjusted) in Q4 2011, after quarterly declines of 3.83% in Q3, 4.18% in Q2, and 4.47% in Q1.
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