Irish Auctioneers & Valuers Institute (IAVI) "The worst is over"

The IAVI Property Survey 2007 states and I quote...

overall, I would say to people that the market is beginning to stabilise. The worst is over.

It goes onto to say... "The IAVI is predicting further average price falls of around 4.1% in Dublin in 2008, with falls of around 3% in the rest of the country." The full article is available here, I sense claims such as the above could come back and bite the IAVI hard as nobody can call the overall property market.