The number of people approved for a mortgage in May shot up, piling on more pressure in the overheating housing market. The rate of property price rises is now on a par with those experienced during the Celtic Tiger. Read MoreNew mortgage approvals figures indicate a total of 4,683 mortgages were approved in May. Daft.ie said the national average house price is now €284,000. The stockbroker has increased its price target for quoted house builder Glenveagh Properties, from the current price of 72c to €1.41, as house price inflation accelerates.

Source: Irish Independent June 29, 2021 01:30 UTC