House prices to climb 12.5% this year 'despite rapid increase in new homes'   

Mortgage lending is predicted to increase to €11.8bn in 2022

Goodbody expects that 31,000 homes will be built in 2023.

House prices will climb 12.5% this year and by 5% in 2022, despite a rapid increase in house-building activity, Goodbody chief economist Dermot O'Leary has predicted. 

In new forecasts, Mr O'Leary has increased his home projections and sees 27,000 units being completed in 2022, up from an earlier forecast of 23,000 units.