Market comment - Irish house price inflation turning positive again

Davy Research
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This morning’s Irish Residential Property Price Index (RPPI) should show inflation moving back into positive territory in November, with unseasonable price gains due to the delayed summer trading season. Meanwhile, the latest data show the housing market continuing to tighten in 2021, with properties listed for sale on MyHome falling to a fresh low of 12,700. In this context, it isn’t surprising to see house price inflation expectations being revised up towards our forecast of a 3% rise through 2021.