House prices to hit record levels within a matter of weeks

Average house prices are expected to pass peak Celtic Tiger levels in the coming weeks. Picture: Leah Farrell / RollingNews.ie

House prices could reach their highest ever levels within a matter of weeks and are already just 2% off the previous Celtic Tiger high in 2007.

In fact, according to KBC chief economist Austin Hughes, people are probably already paying record prices that just have not been recorded yet.