Irish citizens faced challenges including rampant house prices, while Ryanair and Irish bank shares hit turbulence. But there were upbeat stories too as Irish food and drink exports surged, writes John Daly in his review of the yearJANUARYThe new year began much as the old year ended, with Brexit and housing dominating the headlines. Average house prices across the State climbed by 8.4% in 2017, following a hefty rise in the previous year. Dublin led the way but other cities were not that far behind. Galway, Cork, and Limerick posted price gains of 8.4%, 7.3%, and 7.4%.A strengthening economy, strong employment growth, and demographic pressures were in play, but the chronic lack of house-building of all types of homes for the previous 10 years would continue to push prices higher.“This is most notable in the established housing markets of Dublin, Cork, Limerick, and Galway, where the supply side pressures are most apparent,” said Sherry FitzGerald group chief economist Marian Finnegan. She predicted that the market will continue to experience above trend price growth in 2018.UK Prime Minister Theresa May was warned that UK business chiefs’ patience over Brexit was wearing thin and Westminster must get to grips with the challenge…. Read full this story
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Business review 2018: House prices soar, Ryanair and bank shares fall but food exports surge have 318 words, post on www.irishexaminer.com at December 24, 2018. This is cached page on Talk Vietnam. If you want remove this page, please contact us.