Market comment - Irish residential property prices to rise in April

Davy Research
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Irish residential property prices for April will be published this morning. This follows a subdued 0.2% rise in March, the first rise in five months, with annual inflation slowing to 3.9%. However, we expect another rise in the Residential Property Price Index (RPPI) in April given that asking prices rose by 2% in Q1 2019 and with activity rebounding after the March 29th Brexit deadline. Meanwhile, the Royal Institution of Chartered Surveyors (RICS) survey suggests that conditions in the UK housing market remain weak.