Second hand house prices in Dublin fell by around 6% last year, while throughout Ireland they fell by nearly 5%.
Second hand house prices in Dublin fell by more than 2% in the final quarter of 2001, while overall prices in the Dublin market fell by around 6% last year.
That's according to figures published by Estate Agent Sherry Fitzgerald, which shows that the trend in Dublin is in line with the rest of the country.
The group said that second hand house prices throughout Ireland fell by 4.56% during the second half of the year, bringing the overall result for the year to minus 4.63%.
The group's economist, Marian Finnegan, was also critical of the what she described as 'significant and miscalculated Government intervention in the market over the past three years'.
She also blamed the pace of rental inflation in Ireland, which is now running at 11%, on Government intervention. She said that rental inflation in Dublin is likely to exceed that level.
The group is predicting that turnover in the house sector should now increase, facilitating a stablization of prices in the opening months of 2002.
