Rents and house prices will continue to rise despite increases in housing supply - Goodbody

Rents and house prices will likely rise for a number of years as the supply of new homes won’t start meeting demand before 2023 at the earliest, according to broker Goodbody.

New figures from the CSO showed a sharp increase of 25.4% in the number of new homes completed last year, but the annual output of 18,070 was still about half of the number needed to start reining in the huge rises in rents and house prices of recent years.