Housing is too expensive and the simple reason the country is in the midst of a crisis.

British house prices rose in the three months to October at their fastest pace since February and the Bank of England’s interest rate hike is unlikely to offset the impact on prices from a lack of homes for sale, mortgage lender Halifax said.

Irish estate agents, Sherry FitzGerald, have announced today that the average value of Irish houses and apartments rose by 2.5% in the second quarter of 2017.