Irish house price fall from 2007 peak maybe as high as 68%; Prices back to fair value
Goodbody Stockbrokers says official Irish house price data likely understates the fall from the 2007 peak which maybe 68% compared with the CSO's index which is at 48% and does not track the current high level of cash sales. Using data from auctions held by Allsop Space, the UK firm, the brokers say house prices are now close to or back at fair value.
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