Smallest quarterly fall in prices since 2007

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The first quarter of 2012 saw the smallest decline in asking prices since the market began to fall in 2007, according to the latest House Price Report. Prices fell by 1.4% on average during the first three months of the year, compared to 8% in the final three months of 2011. The national average asking price is now €177,000, down 52% from the peak.

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