Economic and Investment Outlook

Prices up in recent years but stalling Supply hampered by the pandemic and inflation (c.33-40k units needed p.a.) House prices up 2.4% y-on-y, above previous peak in 2007 - Dublin seeing prices cool Transaction volumes remain resilient despite ECB rate hikes Rebase, 2007 = 100 110 100 90 80 70 60 Number, thousand 80 70 60 50 50 826322 50 40 30 20 do 40 10 30 0 20 10 -10 40 --20 | 0 2005 2010 2015 2020 2012 2014 2016 2018 2020 2022 National Dublin Excluding Dublin 14Q Sum of Transactions, Ihs -Y-o-Y Change, rhs Source: CSO Source: CSO Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency * Some estimates have put housing needs as high as 60,000 a year over the coming decades 64 .

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