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Donegal house prices falls accelerating

Posted Friday, January 20, 2012

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Falls

According to a new report for the Sunday Times, house prices in Donegal fell by 17.5% last year.

This compares to an 11% fall the year before.

Houses have now lost 48% here since the peak.

Further falls

They are predicted to fall a further 8% this year.

Here are the various prices.

Second hand 2-bed apartment
Jan 2007 - €145,000
Jan 2012 - €65,000

Second hand 3-bed town house
Jan 2007 - €188,000
Jan 2012 - €89,000

Second hand 3-bed semi in town
Jan 2007 - €190,000
Jan 2012 - €95,000

Second hand 4-bed in town
Jan 2007 - €195,000
Jan 2012 - €112,000

3-bed bungalow, half an acre, outskirts of town
Jan 2007 - €250,000
Jan 2012 - €130,000

3-bed bungalow, half an acre, more than 1.5km out of town
Jan 2007 - €226,000
Jan 2012 - €120,000

New Holiday home
Jan 2007 - €250,000
Jan 2012 - €150,000

Second hand holiday cottage
Jan 2007 - €255,000
Jan 2012 - €140,000