Oliver Mangan: New house builds may dampen rapid rise of house prices and rents

It seems that Ireland is on the verge of a marked increase in new housing supply over the next couple of years.

As 2021 draws to a close, the  housing market continues to be defined by a shortfall in supply and residential property prices remain on a strong upward path, with the pace of increase accelerating sharply over the last year. 

The latest official CSO data on residential property prices, show a 1.4% monthly rise in October, following increases of 1.6% in September and 2.2% in August.