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Increase in property prices beginning to slow down

Two new reports say the increases in property prices is beginning to slow down. A report from Daft.i...
TodayFM
TodayFM

1:00 PM - 5 Jan 2015



Increase in property prices be...

News

Increase in property prices beginning to slow down

TodayFM
TodayFM

1:00 PM - 5 Jan 2015



Two new reports say the increases in property prices is beginning to slow down.

A report from Daft.ie says prices actually fell in the last quarter of 2014 - possibly as a result of the Central Bank planning new rules making it harder to get a mortgage.

A similar report from MyHome.ie says prices rose in the last quarter, but only by 0.6 per cent - and both reports agree that the general rate of increase is now slowing down again.

However both reports also state that 2014 saw a huge increase in the cost of buying a home - and economists are worried that the Central Bank's new mortgage rules might not be enough to stop prices from spiralling out of control yet again.

Our political correspondent Gavan Reilly filed this report for the National Lunchtime News:



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