House prices to rise 5.6% in the year according to Central Bank and the Society of Chartered Surveyors of Ireland

House price expectations have fallen sharply, a major report published yesterday showed, but prices are still expected to rise at rates well-above current inflation levels.

The Central Bank and the Society of Chartered Surveyors of Ireland said that prices are now expected to rise by 5% by the end of September 2016.

The survey was conducted in the weeks from late September to the middle of October.