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Sep 14 2021, 07:00 IST/BST
Hotels
Sharp rise in Irish HICP is relevant to residential rent growth
- Sectors : Hotels
- Companies : IRES REIT | Hibernia REIT | Yew Grove REIT | Dalata Hotel Group
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.
