Market comment - Irish residential property price inflation accelerates in July

Davy Research
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The Central Statistics Office (CSO) has reported that residential property prices increased by 8.6% year-on-year (yoy) in Ireland during July. This continues the recent trend of accelerating growth in property prices. Prices have now risen by 6.4% year-to-date, suggesting possible upside risk to our forecast of 8% growth in 2021.