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Thu 01 Jan 2010House prices fell 19% last year
AVERAGE HOUSE prices in the Republic fell by almost 19 per cent last year to levels not seen since April 2003, according to the latest Permanent TSB/ESRI house price index.
House prices have now fallen by 31.5 per cent since peaking in February 2007. The data published yesterday showed that the pace of property price declines escalated in 2009, with prices tumbling 18.5 per cent over the year compared to a fall of 9.1 per cent in 2008.
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