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Report predicts record level of new homes

New homes - Report predicts 75.000 completions
New homes - Report predicts 75.000 completions

A report on the Irish property market shows that the supply of new homes will reach record levels this year.

The Bank of Ireland quarterly analysis anticipates 75,000 completions for this year.

The bank says supply will meet demand for the first time in well over a decade.

It also predicts that the average increase in house prices will grow to 6%.