House prices forecast to rise 4% as homebuilding predicted to outperform expectations

Data from the Residential Tenancies Board show a 50% year-on-year increase in tenancy termination notices during the first quarter of this year

Bank of Ireland projects housing completions could reach as high as 40,000 this year. 

Residential house prices are expected to increase by 4% during the course of this year despite the delivery of new homes currently outperforming expectations and could reach as high as 40,000 in 2026, a new report by Bank of Ireland shows.

In a report analysing the Irish housing market, Bank of Ireland said home prices are expected to see “steady price growth” throughout the rest of this year despite initial softness at the start of the year.