Experts believe the rating agency, average housing prices in the country are understated by 12%. The agency does not preclude the further fall in the value of Irish housing.
In 2009, home prices in Ireland fell by 18,5%. Now, unlike many other countries in Europe, where price correction has already subsided, reducing the cost of housing in Ireland is continuing, writes The Irish Times.
Also reduces the amount of mortgage lending - despite the fact that the rates on loans have fallen and housing became more affordable. In addition, reduced the number of housing units constructed. In the past year were put into operation 26 420 sites - compared with 51,724 in 2008. In the first quarter of this year, the number of completed projects totaled 3,759 - nearly half from a year earlier.
Rental rates for housing are also continuing to fall. In 2009 this figure had fallen to 30% in March - a 13% annualized.
Experts say the agency, in 2010, housing prices in Ireland will fall on the background of high unemployment and measures to reduce the budget deficit, taken by the authorities. Recession may be 10%. It is expected that prices will bottom in 2011.
On materials Prian.ru
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In 2009, home prices in Ireland fell by 18,5%. Now, unlike many other countries in Europe, where price correction has already subsided, reducing the cost of housing in Ireland is continuing, writes The Irish Times.
Also reduces the amount of mortgage lending - despite the fact that the rates on loans have fallen and housing became more affordable. In addition, reduced the number of housing units constructed. In the past year were put into operation 26 420 sites - compared with 51,724 in 2008. In the first quarter of this year, the number of completed projects totaled 3,759 - nearly half from a year earlier.
Rental rates for housing are also continuing to fall. In 2009 this figure had fallen to 30% in March - a 13% annualized.
Experts say the agency, in 2010, housing prices in Ireland will fall on the background of high unemployment and measures to reduce the budget deficit, taken by the authorities. Recession may be 10%. It is expected that prices will bottom in 2011.
On materials Prian.ru
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