House price rise set to moderate
The rise in house prices will slow this year and in the coming years but there will be no sustained decline, one of the country's leading stockbrokers has said.
Davy forecast prices to rise by 9.4pc this year, slower than the 12pc increase seen in 2014.
Price growth will moderate to 5.2pc next year and 4.5pc in 2017.
Davy said house prices had moderated at the start of the year following the introduction of the new Central Bank mortgage deposit rules. House prices remain 37pc below peak levels.