Trinity College Dublin's Ronan Lyons suggests falling interest rates and high construction rates may end Ireland's decade-long trend of rising house prices.

Falling interest rates and high construction rates may end the decade-long trend of rising house prices in Ireland, according to Trinity College Dublin's Ronan Lyons. The number of non-new-build homes available is expected to increase as interest rates stabilize this year. House prices nationally rose by 1.8% in the first three months of 2024, with the typical listed price at €326,469, 5.8% higher than the same period last year, and 30% higher than at the onset of the pandemic.