Market comment

Irish residential property price inflation accelerates to 2.3%

DAVY VIEW

Residential Property Price Index (RPPI) inflation data picked up to 2.3% in July towards our forecast for 3% growth through 2019. Dublin RPPI inflation turned negative for the first time since 2012, mainly reflecting weak conditions at the top-end of the market, Brexit uncertainty and the slowdown that occurred in H2 2018 as tighter lending rules were felt.

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Sep 13 2019, 07:05 IST/BST

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