Tuesday 6 December 2016

Buyer’s market as house prices crash

Published 07/02/2011 | 08:03

IN today's housing market an asking ‘price' is about as accurate as a drunk surgeon with a rusty blade.

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The value of a house is only what someone is willing to pay for it and in the Irish property market the indications are that the value of houses is set to decrease significantly below current levels in the coming year.

The country's largest mortgage provider is abolishing fixed-rate home loans which leaves any new customers with no option but to go variable and be exposed to future interest rate increases.

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