House prices to rise by close to 10% this year, says economist

House prices are continuing to rise across the country and are predicted to rise at a modest rate until the end of the year.

According to the latest house price survey from MyHome.ie, the trend of moderate price growth from the first quarter of the year has continued into the second quarter with the national mix adjusted asking price rising by 1.7%, up 6.1% on the year.

In Dublin, the rate of increase was higher, at 2.3% on the quarter and 10.4% on the year.