<P> As predicted in earlier reports dating from 2006 and 2007 , a property price crash hit Ireland by the first half of 2009 . It coincided with the 2009 recession as both had started to develop in late 2008 following the global economic slowdown and credit control tightening . By June 2009 , it was reported that around 40 % of the price escalation that had occurred during the property bubble years ( `` Celtic Tiger Part 2 '' ) of 2001 -- 2007 had been lost . As of 2012 , house prices are below the 2001 prices and more than the entire gain during the Celtic Tiger years has been erased . </P>
<P> As predicted in earlier reports dating from 2006 and 2007 , a property price crash hit Ireland by the first half of 2009 . It coincided with the 2009 recession as both had started to develop in late 2008 following the global economic slowdown and credit control tightening . By June 2009 , it was reported that around 40 % of the price escalation that had occurred during the property bubble years ( `` Celtic Tiger Part 2 '' ) of 2001 -- 2007 had been lost . As of 2012 , house prices are below the 2001 prices and more than the entire gain during the Celtic Tiger years has been erased . </P>
when did the property market crash in ireland
when did the property market crash in ireland
the first half of 2009
the first half of 2009