Posted by Kelly Fincham at 9/14/2009 8:54 AM EDT
So last year - the 2009 prices
I'm trying to figure out if this is a good time to buy somewhere to live in Ireland.
A new report released at the Construction Industry Federation (CIF) conference in Cork says house prices will continue to go south until at least 2012.
I heard first-hand confirmation of this at the weekend as phase two of an apartment complex went on sale in Bettystown, County Meath.
My brother bought a one-bed in the complex last year for €125,000 ($182k) down from about €260,000 ($378k) the year previous.
Well, guess what. The self-same one-bed apartments are now selling for €95,000 ($138k) and you can get a two-bed for €125,000 ($182k).
Needless to say, my entire extended family went for a nose to see what the new ones are like.
Of course my brother's a little miffed that they dropped again, but nothing compared to those who bought the apartments off the plans at the original prices.
Mr. President do your job, stop the cheap racial shots