Property price rises slow but Middle East conflict could spark higher inflation, expert warns

Trevor Grant, chair of Irish Mortgage Advisers, said the ongoing conflict between the US and Iran could exacerbate already sky-high building materials inflation.

Property prices across the country slowed slightly in February, but experts warn the reprieve could be short-lived as long as the conflict in the Middle East remains unresolved.

Prices for houses and apartments were up 6.8% across the month, according to the Central Statistics Office (CSO), cooling slightly from the 7% seen in the 12 months up to the end of January.