Ireland's residential property prices declined at a faster pace for the seventh month in a row, data released by the Central Statistics Office showed Monday.
The property price index declined 17.8 percent annually in February, after falling 17.4 percent in January. Property prices have been falling for nearly four years in Ireland. The latest decrease is the biggest since December 2009, when prices fell 18.6 percent.
In the capital Dublin, residential property prices fell 20.3 percent annually in February, while prices fell 16.4 percent in rest of Ireland.
Month-on-month, prices declined 2.2 percent in February, following a 1.9 percent fall in January. It was the fastest pace of decline in four months.
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