Poor demand and over supply of houses are continuing to impact on house prices, according to the latest Permanent TSB/ESRI House Price Index.
Average national house prices fell by 1.5 per cent last month and have declined by 11.7 per cent in the year to the end of June, the index shows.
During the first six months of 2009 national house prices fell by 7.7 per cent, compared to a reduction of five per cent for the same period a year earlier.
The average price for a house nationally in June was €241,504, compared with €261,573 in December and a peak of €311,078 in February 2007.
In the capital, house prices fell by 1.3 per cent last month and are down by 8.9 per cent in the first six months of 2009. Over the year to the end of June, Dublin house prices declined by 15.8 per cent.
Outside the capital, house prices declined by 0.7 per cent last month and by 5.4 per cent over the first half of the year. House prices were reduced by 10.4 per cent in the twelve months to June.
The average price for a house in Dublin at the end of last month was €319,754, compared to €351,096 in December.
Outside Dublin, house prices were on average €211,965 in June as against €223,984 at the end of last year.
In the commuter counties of Louth, Meath, Kildare and Wicklow, house prices fell by 2.8 per cent last month and by 18.8 per cent year-on-year.
The average price paid for a house in the commuter counties last month was €245,707, down from €267,265 at the end of 2008.
The average price paid by a first-time buyer in June was €200,193 as against €224,153 in December 2008.
