Irish house prices fell at a record pace in April, extending a two-year slump and cutting the average price to the lowest level in five years.

Prices fell 1.9% from March and dropped 10.7% from a year earlier, according to an index published by Dublin- based Irish Life & Permanent Plc. The average house price in April was 248,640 euros ($346,753) compared with 311,078 euros at their peak in February 2007.

bloomberg.com