Housing market developments are central to understanding both conditions in the mortgage market today and their evolution tomorrow. The housing stock in Ireland was just over two million homes in 20163. This has flat lined since the height of the financial crisis - increasing by just 8,800 since 2011 (less than a half of one per cent of the stock).
CPI inflation is expected to moderate reflecting the declines in the prices of petroleum products and the stabilization of food prices. Regarding the financial side, investors have become increasingly risk averse reflecting disruptions in global financial markets.