Pressure on house prices and rents set to remain

Various indicators on the level of house building activity show that new supply is moving higher but from a very low base.

Data show that in the eight months to August, house completions were up 19% compared to the same period in 2015.

Based on their current run rate, completions are in line to rise to around 15,000 units this year compared to the 12,700 total for 2015.