A REPORT on the European housing market by the credit ratings agency Standard & Poor’s says Irish property prices have at last bottomed out – but aren’t expected to start rising again for at least two years.

The report says that Ireland’s property sector has experience “the largest price contraction in Western Europe since the beginning of the current crisis” but that “Irish house prices have [now] completed their correction”.

Do you think S&P is right – has the market really bottomed out? Is the report too negative? Or do you think there’s worse to come?

Have your say: have house prices really hit rock bottom?

Poll Results:

No, there's worse to come (1039)

Yes, house prices have hit rock bottom (227)

Too negative: prices to climb sooner (68)

Yes, house prices have hit rock bottom
No, there's worse to come
Too negative: prices to climb sooner

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Poll: Have house prices REALLY hit rock bottom?

Poll Results:

Read more: House prices have hit rock bottom…but they won’t rise again anytime soon >

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.