Housing market is cooling, says bank

Updated: 09:25, Wednesday, 28 March 2007

Bank of Ireland says the housing market is cooling after hitting a peak in 2006.

1 of 1Housing market - BoI report out
Housing market - BoI report out

According to the bank's quarterly analysis, house prices will rise by 3% this year, with an upper limit forecast of 4%, and house completions may exceed 80,000, a fall from the bank's previous estimate of 85,000.

The bank said that house prices rose by just 0.3% in the three months to January.

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