Housing crisis could yet sink our economic recoveryJune 24, 2018 18:00
Central Bank governor Philip Lane is confident that house prices, which rose by another 13pc in the year to April, will "cool off". Speaking to Bloomberg TV, Lane said "it is important to put it in context. We have an economy that is growing quite quickly, so employment is growing strongly, wages are picking up. So when we talk about house prices, there are some strong fundamentals there. It's also the case that we are far below peak prices but, of course, any central bank is going to keep a close eye on the housing market.