Market comment - Ireland set to record 20% growth in residential transactions in 2017

Davy Research
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The latest update of the Property Price Register indicates that Ireland recorded €9.8bn of residential transactions so far in 2017. This represents close to 20% nominal growth, in part driven by double-digit house price inflation but also improving liquidity in the housing market. We expect total transactions to equal close to €4bn in Q3, implying strong growth in the mortgage market.