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Tue 11 Nov 2009House prices may have hit bottom, say builders
HOUSE PRICES in Ireland may have already hit bottom, according to the building industry, which says the level of unsold housing stock is being exaggerated.
The Irish Home Builders’ Association (IHBA) Property Market Review and Outlook 2009indicates that the price of new homes across the country has already been reduced by over 40 per cent on average, reaching levels which “most commentators” believe represents the bottom or close to the bottom of the cycle.
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