Building costs 'could push house prices even higher'

The Deloitte report said that "ultimately there is a ceiling at which potential purchasers can afford to buy"

The Deloitte report also focuses on the shortages in supply of new housing following the lifting of the Covid restrictions on building sites last year. 

Worker shortages, along with price hikes for materials, are emerging rapidly as the Irish construction industry attempts to make up for lost time following the restrictions to commercial and housebuilding sites during the Covid crisis, according to a report from Deloitte.

The study draws on a number of official figures and recent survey data to show what it describes as  "the surge" in building activity that has led to shortages of workers and higher costs, made worse from the disruptions to the supply chains as well as Brexit, across Europe.