The latest report from the CSO indicate that house prices have again fallen in April. Figure 1 shows the value of house prices using January 2005 as the base year. Figure 2 plots the rate of the decline. It can be seen that the rate of decline in house prices in 2011 so far is lower than that observed in 2009 but actually worse than that experienced in 2010.
5/23/2012 10:02:15 pm
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6/5/2012 03:33:35 pm
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6/26/2012 07:17:37 pm
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8/20/2012 11:58:54 pm
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9/2/2012 09:11:52 pm
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9/3/2012 11:42:45 pm
Yes because of global economic crises property rate is decrease and it is best time for buyer to buy and do some construction work on it.
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Justin Doran is a Lecturer in Economics, in the Department of Economics, University College Cork, Ireland.