Lots of rhetoric but house prices untamed

Some people might not regard spiralling house prices as a negative development on the basis that higher prices could elicit more second-hand supply from people who have been sitting on properties since the crash and have been waiting for a recovery in prices to sell.

Indeed, anecdotally, we are seeing quite a number of ‘For Sale’ signs going up around the country, and particularly in Dublin.

The other positive from rising prices is that the economics of house building improves and this could elicit more new housing supply from developers.