Ireland's real estate prices at record low

Ireland's real estate prices fell to the lowest level since 2000. Home prices in Dublin lost 65% in the last five years with 60% price decline across country over the period. The house price index indicates the net worth of property nationally declined by about 58.8% since 2006. The market is in the freefall with accelerating deflation pace and lack of mortgage availability, said Marian Finnegan, chief economist at the Sherry FitzGerald Group.