House prices in Northern Ireland slumped by almost 30% in 2008, this is the worst housing slump since the dreary economic days of the early 1980's. Figures were published in the latest University Quarterly house price index. House sales were severally down too, with only 704 transactions recorded in the final quarter, up from the dismal 670 from the previous quarter. Limavady seen the worst slump of 42.1% The collapse in prices was in particular bad for Bungalows which seen a decline of 35%, Belfast did ... Read More

Rents collapse in Ireland, the following figures will be unsettling for property owners, details from the Irish Daft Property report are below,  Daft the Irish property site reported an average fall of 12% in Property in 2008. The number of rental properties has also doubled but the potential to fill up these properties have been made harder, by the number of potential foreign nationals leaving the country. In 2009 it is predicted rents ... Read More

Activity in the construction sector has fallen to an all time low in Ireland. The Ulster Bank, Republic iof Ireland Index has fallen from 27.4 in December to a new low of 25.7 in January. Lowest recorded activity since survey began in 2000. A rating below 50 signals a fall. Costs index has also fallen to a record low, this is partly due to the strength of the euro ... Read More