Davy Research

Irish economy

Another sharp 1% rise in Irish house prices in November

DAVY VIEW

Today’s Residential Property Price Index (RPPI) shows another sharp 1.1% rise in November, with annual inflation still in double-digit territory at 11.6%. So far, there is still no sign of the usual seasonal slowdown during the winter. Also, house price inflation is now in double-digit territory across all regions except the mid-West. Looking ahead, we expect the tightening of the Central Bank mortgage lending rules will slow house price inflation in 2018. For now though, prices continue to rise rapidly.

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