Signs that housing market is approaching stability

According to the latest Property Barometer issued by MyHome.ie, the price of a 3 bedroom semi in Donegal has fallen by a further 3.66% .

The average price in the county is now just under €184,000, down over 11% from peak prices.

Meanwhile, Estate agent Sherry Fitzgerald says there are signs the crisis is bottoming out.

Its latest index finds the national market contracted by 2.8 per cent in the first quarter of 2010.