Dáil Éireann Debate, Wednesday - 17 November 2004
683 Mr. Ó Fearghail asked the Minister for the Environment, Heritage and Local Government his views on the prospects for moderation in house price inflation; and if he will make a statement on the matter. [29420/04]
Amharc ar fhreagra
My Department does not undertake forecasts of house prices. However, detailed information on house prices is set out in my Department's housing statistics bulletins, copies of which are available in the Oireachtas Library. The rate of house price increase is now considerably lower than in the late 1990s and more recent trends show continuing moderation. I am aware that a number of market commentators have expressed the view that there is likely to be further moderation in house price trends as house completions data indicate another record year of output for 2004. The Government will continue to focus on measures to promote a high level of housing supply in response to demand.
