Values in property have stablised, according to Sherry Fitzgerald executive Marion Finnegan, who is the property company’s chief economist. Speaking in Dungarvan last week, she said after 5 years of contracting prices there seems to be signs of stablisation with the Dublin market moving up a little,
The rest of the country she says are also stabilizing with prices down just 3 per cent over a year ago compared to a drop of 16 per cent the year before.
The Irish market has fallen 60 per cent in real terms she said, making the Irish property recession the worst in the post war era in the developed world, which is quite a statement in itself. Marion says that the market varies from county to county. Coastal counties like Waterford have lower stock and may do better. Family homes would be in demand.
Values in property have stablised, according to Sherry Fitzgerald executive Marion Finnegan, who is the property company’s chief economist.
Speaking in Dungarvan last week, she said after 5 years of contracting prices there seems to be signs of stablisation with the Dublin market moving up a little,
The rest of the country she says are also stabilizing with prices down just 3 per cent over a year ago compared to a drop of 16 per cent the year before.
The Irish market has fallen 60 per cent in real terms she said, making the Irish property recession the worst in the post war era in the developed world, which is quite a statement in itself. Marion says that the market varies from county to county. Coastal counties like Waterford have lower stock and may do better.
Family homes would be in demand.
