Property Prices – Rent Still tracks the asking prices of property in the country. Recently in the Irish Independent David McWilliams writes about the collapsing house prices and asks how far will they fall?

This is a valid question. I have written about this subject in the past and have pointed out the usual relationship between annual rents and capital value is about 12 – 14 to 1 by international standards. So if rent is €1200 per month the capital value of the house should be €144,000 to €168,000.

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