Irish home price rises predicted to top European league in 2017

Standard & Poor’s expects that growth in residential property prices in Ireland will top the European charts this year.

The international ratings agency predicts that Irish home prices will rise by 8.5%, compared with 7% growth in both Germany and the Netherlands. At the other end of the scale prices in the UK are expected to rise by just 2.5% in 2017 and slowing to 1% in 2018 amid uncertainty over Brexit negotiations.

Factors influencing the high growth rate in Irish property prices include supply shortages but also Brexit-related demand. This latter reason reflects the relocation to Ireland of some of London’s financial sector workers.

Full story available from The Irish Times: https://www.irishtimes.com/business/personal-finance/s-p-sees-irish-home-price-rises-topping-eu-league-in-2017-1.3173485

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