DAVY VIEW

MyHome asking prices rose by 2.1% in Q2 2019, up 2.4% on the year. Prices in Dublin increased by 0.5%, the weakest second-quarter gain since 2012, with annual inflation now -0.6%. We have revised down our forecast for Irish Residential Property Price Index (RPPI) inflation to 3% in 2019. Residential transactions have bounced back in April and May, and the number of homes listed for sale on MyHome was up 4.5% on the year at 22,600.