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Mar 28 2022, 06:45 IST/BST
This quarter’s MyHome report indicates that asking price inflation has accelerated to 12.3%, pointing to double-digit Residential Property Price Index (RPPI) inflation persisting until mid-2022. Transactional activity has also made a good start to 2022, with volumes up 13% in the first two months. The underlying story remains one of very strong demand given Ireland’s strong labour market performance. Hence, we have revised up our forecast for Irish RPPI inflation to 7% in 2022 and 4.5% in 2023.