Prices have fallen for 43 straight months after years of reckless lending abruptly ended with the bursting of a property bubble and house prices are now 42 percent below their 2007 peak, according to the Central Statistics Office.
With such massive falls, will buyers ever be able to get back on their feet?
The Irish are known as a very proud nation and the thought of them abandoning homes does not strike me as an immediate possibility. Most will do whatever it takes to honour their purchase, and if that is the case, when will they reach such the 2007 level again?
