Warnings about rising house prices and debt

There is no early end in sight to house price increases and it will take several years for new housing supply to come anywhere near to meeting the demand, the Economic and Social Research Institute has warned.

The think-tank’s housing assessment came on the same day that the Central Bank’s deputy head Sharon Donnery gave warnings about households taking on more debt, saying that forecasts for further house price increases had increased, while rents had already climbed above levels before the 2008 property crash.