Central Bank of Ireland publishes research on house-price decline

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The Central Bank of Ireland published on April 30 new economic research exploring the decline in house prices in the country since the onset of the financial crisis.

The research found that house-price falls in Ireland have been among the most severe recorded across the Organisation for Economic Co-operation and Development countries. The research found Irish house prices have fallen below the level that market fundamentals would suggest they should. The fall was between 12–26% as at the third

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