Donegal house prices continue to tumble

The latest house prices report shows that in Donegal, prices in late 2012 were 18% lower than a year previously, compared to a fall of 13% seen in the year to late 2011.

The average house price is now €123,000, 54% below peak levels.

Ronan Lyons of says that in Donegal there is an over supply of houses which is forcing their prices down: