Language(s): Irish, English
Total Area: 70,273 km²
GDP (in billion USD): 218
Ireland is an island to the north-west of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth. To its east is the larger island of Great Britain, from which it is separated by the Irish Sea.
Ireland's residential property price index fell by 4.5% (-5.7% in real terms) during 2012, the slowest year-on-year decline since May 2008, based on figures released by the Central Statistics Office Ireland (CSO). Property prices were actually unchanged (rose by 0.4% in real terms) during the latest quarter.
Demand is now beginning to increase. Total transactions increased 17% in the first three quarters of 2012, to 14,000 (from 12,000 in 2011) - still a decline of 7% from 15,000 transactions in 2010.