Watching the percentages

Madam, - One of the contributors to "Around the Block" (Property, August 30th) seems to believe that a fall from 1016 to 348…

Madam, - One of the contributors to "Around the Block" (Property, August 30th) seems to believe that a fall from 1016 to 348 is a drop of "almost 300 per cent".

If people have to watch the prices of property ease back towards normality it may console them somewhat to know that, while a rise of 300 per cent is perfectly possible, a fall of more than 100 per cent is not.

- Yours, etc,

PETER WACHMAN, Killiskey, Ashford, Co Wicklow.