Monday 23 October 2017

Agents differ on falls

ESTATE agents Lisney reported a more severe fall in Dublin house prices than rivals Sherry FitzGerald. Lisney says that Dublin prices fell by 5.9pc in the second quarter of this year while Sherry FitzGerald says that Dublin second-hand prices fell by only 2.5pc.

Lisney also says that the fall from peak for average Dublin house prices is 53.5pc whereas Sherry FitzGerald says that in "real terms" prices have fallen by 49pc from the 2006 peak.

Lisney points out that recent receivership sales of have "severely under-cut the prices sought for all other apartment schemes and . . . will likely push some values down further."

On the other hand, Lisney says most of the current demand is for properties under €1m, and mid-range, three and four-bedroom units.

Lisney's inclusion of the new homes sector may explain the slightly different figures.

Irish Independent

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