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Housing Market Bulletin March 2019

House price inflation slowing, home building rising Sharp slowdown in house price inflation The most recent figures on Irish residential property prices indicate that the trend of slower price growth evident in 2018 has carried over into this year. CSO data shows that nationally, prices increased by 5.6% on a yearly basis in January. This…

John Mullane Financial Services Limerick

Economic Outlook in Uncertain Times

Many concerns about the economic outlook   Global Trade: Move away from free trade towards protectionism\tariffs under Trump Slower growth in global trade, weaker export orders, US tariffs impact Chinese economy US Economy: Growing strongly but could slow sharply as fiscal stimulus fades and higher interest rates impact activity. Will become the longest US economic…

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Housing Market Bulletin December 2018

Noticeable slowdown in Dublin house price growth Supply metrics offer some encouragement As we head into year end, the dominant underlying feature of the Irish residential property market remains the deficit in supply. However, over the course of 2018, there has been some further improvement in the supply picture. The latest update to the CSO’s…

Jim Power Chief Economist with Friends First

Power Talks: Budget 2019 – An Assessment

Macro-Economic Background to Budget 2019 Budget 2019 was the third and possibly the final budget to be presented by Paschal Donohoe in the current Dáil. As was the case with his last two budgets, Budget 2019 did not pose anything like the sorts of challenges and difficulties that his two immediate predecessors faced in framing…

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Housing Market Bulletin June 2018

New measurement shows new supply at lower levels than previously estimated. The Central Statistics Office recently launched a new measure of housing supply. This was in response to issues relating to the previous ‘completions’ data, complied by the Department of Housing using ESB connections. In recent years, it was considered to be overstating the level…

Jim Power Chief Economist with Friends First

Power Talks: When will the Nirvana end?

The process of interest rate normalisation continues apace in the United States. On Wednesday night the US Federal Reserve Bank increased interest rates by 0.25%, taking the target range for the key Federal Funds Rate to 1.75% to 2%. This rate has been taken up from zero in December 2015. The Federal Reserve move this week…