Ireland’s house price fall is the worst in the world

The measure of Ireland's economic collapse can be found in one of the places where it once flourished.

PATRICK COOPER

Mar 30, 2011

$The average house is now changing hands for around \$213,000$

The average house is now changing hands for around $213,000 Google Images

The measure of Ireland's economic collapse can be found in one of the places where it once flourished.

Last year the average price of a house in Ireland dropped by almost 11 percent - that's faster than anywhere else in the world.

Irish house values plummeted in 2010, leaving Ireland the worst performer around the globe.

With the worldwide trend showing house prices climbing 2.8 percent in 2010, the Irish market came out on the bottom.

Ireland is one of 15 countries which saw a dip in house prices in the annual survey, but it even came in below Lithuania, where there was a drop of 10.1 percent last year.