Whilst house prices were recovering in Dublin, house prices took a real dive in Carndonagh last year.

In 2012 12 houses sold for an average of €105,000 in Carndonagh.

In 2013 15 houses sold for an average of €67,000.

That’s a massive fall of 36% in just a year.


Of course, the numbers are too small to be definitive.

However, it tallies up with what happened elsewhere with Moville house prices dropping 27%, Greencastle’s falling 30% and Redcastle’s falling 44%.

I think we can safely say that house prices are still falling in the area and the falls may be even accelerating.