Average Irish national house prices reduced by 1.8% in October according to the latest edition of the permanent tsb / ESRI House Price Index. This compares to reductions in September (-1.1%), August (-1.5%) and July 2009 (-1.1%). In the first ten months of 2009 average national house prices have fallen by 12.7% which compares to a reduction of 7.8% in the same period in 2008. Prices fell 13.9% in 12-month period – - however, the sample size appears to have been low.
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