DAVY VIEW

This quarter’s MyHome report shows asking prices up a solid 0.6% in Q3 2023, with annual inflation accelerating to 4.1%. This is consistent with our view that 2023 would be a year of two halves for the Irish housing market, with a period of correction in stretched valuations giving way to still robust demand and the underlying lack of housing supply inevitably being felt. For now, we are sticking with our forecast for 1.5% Residential Property Price Index (RPPI) inflation through 2023.