Dublin houses down 64 percent

House prices in the Irish capital fell 16.9 per cent in the last year, according to research out yesterday from property and mortgage advisory firm the Sherry FitzGerald Group. Since their peak in 2006, the average house price in Dublin has fallen 64.2 per cent in real terms, while the average price nationwide has fallen 59.8 per cent. Dublin prices are now back to levels last seen in early 2000. Meanwhile, data from property website myhome.ie showed prices across the country fell by 2.4 per cent in the final three months of 2011 and 13 per cent over the year as a whole. That compares with 2.8 per cent in Dublin in the last quarter and 14.7 per cent in the year. It believes prices are down 43 per cent on their peak nationwide and by over 50 per cent in Dublin. Average asking prices now stand at €236,000 for the country as a whole, and €268,000 in Dublin.