Saturday 21 April 2018

House price falls not all bad news

On the face of it, the latest house price figures from the Central Statistics Office (CSO), which show that house prices fell by another 1.5pc in September, are yet another piece of very bad economic news.

According to the CSO, house prices have fallen by 14.3pc over the past year and are down by a massive 44pc from their 2007 peak.

On closer examination the picture painted by the CSO figures may be excessively bleak.

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