Slowdown in house price rises forecast

THE pace of house price growth is set to slow over the remainder of the year but lower interest rates and sheer demand will ensure valuations will continue to rise, experts believe.

Today fresh data from Sherry FitzGerald is expected to indicate that house price growth has slowed in contrast to Permanent tsb figures released on Monday.

These showed a 1.7% increase in prices in May, up from the 1.3% recorded in April and March’s 1% figure.