There was further bad news for homeowners in Donegal with the latest survey showing that the average price of a three bedroom house here is just €157,000 – down 9% on last year.
And even worse is the prediction that Donegal house prices are sett o fall even further in the coming months.
The nationwide survey was carried out by leading estate agents daft.ie.
It shows that house prices in Donegal have now reverted back to 2001 prices.
And even more worrying is a claim by daft.ie economist Ronan Lyons that counties like Donegal will feel an even further fall in prices in the coming months.
“House prices in places like Donegal never really fell as much as places like Dublin and Galway.
“These are the places which will pick up their prices quicker when things begin to turn around.
“Unfortunately we fell that places like Donegal will continue to suffer falls in prices as a result of that until things stabilize,” he said.
The Q2 report by daft.ie shows the average asking price is now just half of what it was in 2007.
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