Donegal house prices continue to fall

Donegal house prices continue to tumbled according to the latest statistics from property website

Asking prices fell by an average of 8.1% in the final three months of 2011, compared to static prices between June and September.

The average asking price in Donegal in late 2011 was €155,000, a fall of €116,000 from the peak.

Overall, house prices fell by 18 per cent last year.

Ronan Lyons, Economist with Daft, says house prices in Donegal are well down from the peak: