Falling interest rates and increased output may end run of rising house prices

Falling interest rates coupled with high rates of construction may bring a decade-long trend of rapidly rising housing prices to an end, it has been claimed.

Ronan Lyons, an associate professor in economics at Trinity College Dublin, said that the number of homes available to buy that were not new-builds should increase as interest rates level off this year.

It comes as housing prices nationally rose by an average of 1.8 per cent in the ...