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Rising Interest Rates Will Slow House Price Increases - IPAV

A group representing estate agents says interest rate hikes will limit the amount of people who can draw down a new mortgage.

A group representing estate agents says rising interest rates will continue to slow house price increases down into next year.

The Institute of Professional Auctioneers and Valuers says European Central Bank interest rate hikes will limit the amount of people who can draw down a new mortgage.

The latest report from daft.ie shows prices stabilised in the second three months of the year, to a national increase of 0.1%.

CEO of IPAV, Castlepollard's Pat Davitt says house-hunters could also face less competition from other bidders:

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