Ireland on course to 'repeat past mistakes of property bubble'

The Irish Mortgage Brokers Association says failure to address the supply needs within the housing market could create another property bubble.

House prices across Ireland rose by 8.5% in the 12 months to the end of April, according to the Central Statistics Office.

The figures show property prices in Dublin jumped by 3.1% on a monthly basis in April.

Karl Deeter, from the Irish Mortgage Brokers Association, said the country is on course to repeat the mistakes of the past property bubble.