Davy Morning Equity Briefing

Dec 13, 2019

Market Comment

Conservative majority negates risks for Irish economy in 2020

The news that Boris Johnson has secured a large majority means he can pass his Withdrawal Agreement in January and dissipate the risks in 2020. Specifically, he will find it easier to extend the ‘transition period’ out to 2022, now less reliant on radical elements within the Conservative Party. We believe Ireland’s housing market is most likely to benefit from Brexit clarity, with the uncertainty holding back pricing and transactions in 2019.