Warning Dublin ‘may become enclave of rich’ as house prices rise

The latest house price trends could see Dublin becoming an enclave for the rich, an economist has warned.

Trinity College assistant professor Ronan Lyons, author of the latest Daft.ie report, said lower-income households could become priced out of the market unless building costs are reduced and Central Bank mortgage rules are relaxed.

His warning comes in his analysis of the latest house price figures for the second quarter of the year.