House price rise set to halt

THE rapid rise in house prices is set to stop or even decline, according to a report from NCB stockbrokers.

However, they warn that a house price crash similar to that in Britain of the late 1980s and early 1990s is not on the cards.

In a detailed study, The Irish Housing Market & Credit Growth in Ireland, NCB economists Eunan King and Dermot O’Brien said that a softening in the rental sector could help stabilise or push house prices down.