House prices surging to Celtic Tiger peaks

Home values in parts of the country could hit their Celtic Tiger peaks “within a year or two” with prices nationally set to increase by up to 8% this year.

While their respective house price reports summarising results for 2017 and making predictions for this year have slightly varying figures, both Daft.ie and MyHome.ie agree that there will be a continued surge in price inflation in 2018.

In the Daft.ie report Ronan Lyons, assistant economics professor at Trinity College Dublin, said the substantial increase in house prices over the last four years meant that in a number of parts of the country, prices are now “within a year or two of reaching their 2007 peak” though he added that they are predominantly urban areas.