Looking at the statistics we are starting to see a fall in house prices in many different markets. Living in Ireland we had a housing boom for 10 years when prices kept going up, as many people expected this could not last very long so since 2009 it has been in steady decline. This is very important issue for people that purchased in 2007 and 2008 as many of these people are now paying mortgages which are now in negative equity.
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