Ten Percent Rise In House Prices Expected This Year

A new report is predicting house prices will go up 10 per cent in Ireland in 2017.

The forecast by Davy research also expects Ireland will become Europe’s fastest growing economy this year, at 5 per cent.

Employment growth is being put at 2.8 per cent.


Report author Conall MacCoille says the lack of supply in the housing market could hold eventually hold back the economy.

Meanwhile, Sinn Féin’s housing spokesperson has called on Minister Simon Coveney to revise his department’s figures on new builds.

The minister claims that 15,000 were constructed last year, however critics say the number is closer to 7,000.

Deputy Eoin Ó Broin says the estimates for new homes have been challenged repeatedly and are no longer tenable.