According to the Central Statistics Office, house prices fell by an average of 16.3 per cent on an annual basis in March compared with 17.8 per cent annual drop at the end of February.
However, on a monthly basis, there was no change compared with February. The last time there was a halt in monthly price declines was August 2010.
In Dublin, overall property prices were 0.7 per cent higher in March compared with February , but remained 18.3 per cent lower than in March 2011. House prices in the capital were 18.4 per cent lower compared to a year earlier, and showed a 0.7 per cent rise month on month. Prices for apartments were 18.9 per cent lower over the year.
Overall, property prices in the capital have fallen 57 per cent from their peak level in early 2007.
Apartments have declined by 61 per cent, while house prices have lost 55 per cent of their value.
In the rest of the country, residential property prices were 0.6 per cent lower last month, and 15.5 per cent lower over the year. Since the peak of the property market, home prices have fallen by 45 per cent.
Average Property Asking Prices In Ireland - March 2012
|1 bed||2 bed||3 bed||4 bed 5 bed|
|Dublin City Centre||€111||€200||€225||na||na|
|Dublin North City||€135||€174||€234||€381||€519|
|Dublin South City||€137||€200||€248||€442||€555|
|North County Dublin||€143||€179||€216||€391||€558|
|South County Dublin||€189||€256||€342||€548||€673|
|West County Dublin||€102||€141||€196||€281||€408|
Irish House Prices From 2011 Here