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House prices fall for third quarter in a row but freefall not expected

A second property price report has found prices are falling. But its authors insist we are not heading for a new property price collapse.

Asking prices fell in the first three months of the year, according to MyHome.ie – it is the third consecutive quarter of values coming down. They were down by 0.3pc in the first quarter, but are up 3.2pc on the year.

Homes are now being sold for just 1pc over asking price compared with 6pc this time last year.

Last week, a Daft.ie report had similar findings of falling asking prices for properties.

MyHome.ie said Dublin house prices had fallen for four consecutive months and were now 2pc below the peak levels they hit in September last year.

Read the full details in the Irish Independent

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