Contrasting fortunes in house prices
The latest house price figures from the CSO, published yesterday, show that while prices have bottomed out in Dublin, they are still continuing to fall in the rest of the country.
Given that Dublin house prices have already fallen by much more than those elsewhere in the country this almost certainly means that house prices outside of the capital still have much further to fall.
In April house and apartment prices in Dublin rose by an average of 0.5pc while they fell by a further 2pc in the rest of the country. However, even after last month's increase average house and apartment prices in Dublin have fallen by a massive 57pc from their 2007 peak while those in the rest of the country have fallen by "only" 47pc.