Hotels

Sharp rise in Irish HICP is relevant to residential rent growth

  • Sectors : Hotels
  • Companies : Dalata Hotel Group | Hibernia REIT | IRES REIT | Yew Grove REIT

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Dalata Hotel Group OUTPERFORM 09/09/14 Under Review 03/09/14 355c
Hibernia REIT OUTPERFORM 11/11/14 N/A N/A 120c
IRES REIT OUTPERFORM 08/05/15 N/A N/A 151c
Yew Grove REIT OUTPERFORM 20/04/20 N/A N/A 103c

DAVY VIEW

The Irish government recently changed the rate at which residential rents can increase in rent pressure zones from 4% under the previous rent caps to movements in the harmonized index of consumer prices (HICP). The latest data show that this increased sharply to 3.0% year-on-year (yoy) growth in August.

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Sep 14 2021, 07:00 IST/BST

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