Latest figures show that house prices continue to fall

The annual rate of decline in property prices accelerated last month.

According to the CSO, residential property prices fell by 15-point-6 per cent in the year to the end of November.

That compares with a 15-point-1 per cent drop in the twelve months to the end of October.

Prices fell 1-and-a-half per cent in the month of November alone.

The figures also show house prices in Dublin are 52 per cent lower, and apartments are 58 per cent lower than their peak levels in February 2007.

Across the rest of the country, residential property prices are down 42 per cent.