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August 2017

Ireland leads EU property price rise league

Published: Thursday 03 August 2017

Ireland’s house price growth is expected to grow faster than those in any other EU country by the end of the year, fuelled in part by Brexit-related demand.
By David Fuller
According to international rating agency Standard and Poor’s (S&P) latest research, property prices in Ireland are expected to grow by 8.5 per cent by the end of the year. Among the reasons for the expected growth in Irish house prices is the relocation of some of London’s financial sector workers to Dublin following Brexit.

Additionally, the S&P report noted: “We expect Ireland’s housing market to experience the strongest year-on-year nominal house prices rises of 8.5 per cent this year and 7 per cent in 2018, underpinned by supply shortages and continued economic recovery.

“Housing market activity is set to expand in all major European markets this year, fuelled by historically low rates and gradually accelerating economic growth.”

Germany and the Netherlands are expected to see the next highest price growth, with property values predicted to rise by 7 per cent through the rest of this year.

At the other end of the table, the UK’s property prices are expected to grow by around 2.5 per cent between now and the end of the year, before slowing to 1 per cent next year. S&P says that the uncertainty surrounding the Brexit negotiations is likely to hinder UK property price growth going forward.

About Halo Financial

Halo Financial is a leading UK foreign exchange brokerage, offering a comprehensive range of services to individuals and businesses since its inception in 2005. The business prides itself on offering a flexible and personalised approach for each of its clients, simplifying the seemingly complex foreign exchange market to maximise savings in currency transactions, protect against currency risk and make money go further.

Staffed by qualified technical analysts, the company is authorised by the Financial Conduct Authority and HM Revenue and Customs.

“Excellent”, “Reliable”, “Professional”, “Knowledgeable”, and “Helpful”– just some of the great feedback received as a Gold Trusted Service Provider for Feefo.com. The team at Halo are proud that customers rate their services so highly and are happy to recommend to others. The company is always striving to provide the best possible service and to innovate services and products in line with customers’ ever-evolving needs.

Halo Financial won Best Customer Focus category in the 2016 Best Business Awards; received OPP Gold for Best Supporting Service; the Gold Award for Financial Support and Innovation from Relocate Magazine, Commendations in the 2016 and 2017 Moneyfacts Awards and has 5 out 5 Star Customer Gold Merchant Status via independent review website, Feefo.com, winning their Gold Trusted Service award.

Rachael.kinsella@halofinancial.com │+44 (0)20 7350 5473 │www.halofinancial.com

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