Brian Lenihan Jnr (Dublin West, Fianna Fail)

This average masks a very large degree of variation in property value movements depending on factors such as location, the nature of the property and so forth.

The fall in property values has pushed up property yields. Yields are now above their long-term average and this suggests that values are bottoming out. In fact, the gap between yields and interest rates is much higher than at any time since the mid 1990s. Further details are available in the supplementary documentation.

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