House prices continue to fall in Donegal

A new survey shows that house prices for the second three months of this year fell in Donegal fell by almost 9%.

Nationally, the average house price in Ireland has dropped below 200 thousand euro.

According to property website Daft.ie, the average asking price for a residential property stood at  196-thousand euro in June - which is almost half of 2007 rates.

The average price of a three bed semi-detached house in Donegal now is €150,000, a fall of €115,000 from the peak.

Economist with Daft.ie, Ronan Lyons, says he thinks house prices in Donegal will continue to fall........

[podcast]http://www.highlandradio.com/wp-content/uploads/2011/07/daft.mp3[/podcast]

Similar findings are revealed in a report on the border counties released this evening by myhome.ie. It also shows the asking price for 4 bed semis fell by over 5% in Donegal to €160K, some 20% below the price this time last year.