Market comment - Irish residential property price inflation accelerates to 3%

Davy Research
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Data released yesterday (April 15th) showed residential property price inflation accelerating to 3% in February, a two-year high. We expect Residential Property Price Index (RPPI) inflation will rise towards 4% in the coming months given the tightness of the market and buoyant asking price and mortgage lending data. Also, February’s trade data showed a lingering negative impact of Brexit, especially on imports from Britain, highlighting the disruption and cost pressures facing Irish firms.