‘It’s only going one way’ as house prices jump 13%

House prices “are only going one way” unless the lack of supply is resolved — as the cost of buying a home has surged by almost 13%.

Latest figures from the Central Statistics Office (CSO) show that house prices are accelerating at a rate faster than expected.

In the year to September, house prices jumped by 12.8% nationally compared to an increase of 11.8% in the year to August and a rise of 8% in the 12 months to September 2016.