NCB claim home prices will fall by at least a fifth in the coming years

NCB claim home prices will fall by at least a fifth in the coming years

The cost of buying a home in Ireland will fall by at least a fifth in the coming years, according to NCB Stockbrokers.

It said that the national decline from peak to trough will be 60%

“The boost from domestic demand will not be material until 2013. Unemployment, currently 14.3%, will remain above 10% until 2016,” stated NCB economist Brian Devine.

“As such, there should be no surprise that property prices continue to decline, mortgage arrears continue to rise and retail sales remain weak.”

Property prices in Dublin have already fallen close to this amount.

There is 1 comment for this article
  1. Paddy at 9:26 pm

    How much did NCB pay Brian Devine to write that pearl of wisdom, if they need any more of the same I’ll write twice as much fir the same cost, and throw in a bit of wit for free!

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