Residential property prices in Ireland increased 1.4 percent year-on-year in November 2019, higher than an upwardly revised 1 percent rise in the previous month. Cost of houses surged 1.6 percent while prices for apartments declined 0.2 percent. In Dublin however, residential property prices continued to decrease (-0.7 percent). Overall, the national index is 16.8 percent lower than its highest level in 2007. Dublin residential property prices are 21.3 percent lower than their February 2007 peak, while residential property prices in the rest of Ireland are 19.9 percent lower than their May 2007 peak. Housing Index in Ireland averaged 93.25 points from 2005 until 2019, reaching an all time high of 131 points in April of 2007 and a record low of 58.70 points in March of 2013. source: Central Statistics Office Ireland

Housing Index in Ireland is expected to be 117.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Ireland to stand at 125.00 in 12 months time. In the long-term, the Ireland Residential Property Prices is projected to trend around 125.00 points in 2020, according to our econometric models.

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Ireland Residential Property Prices

Actual Previous Highest Lowest Dates Unit Frequency
109.00 108.89 131.00 58.70 2005 - 2019 points Monthly
2005M1=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-12-12 11:00 AM Residential Property Prices MoM Oct 0.1% 0.1% 0.4%
2019-12-12 11:00 AM Residential Property Prices YoY Oct 0.9% 1% 1.3%
2020-01-15 11:00 AM Residential Property Prices YoY Nov 1.4% 1% 1.0%
2020-01-15 11:00 AM Residential Property Prices MoM Nov 0.1% 0.1% -0.2%


News Stream
2019-12-12
Irish Home Price Growth Slows Further
Residential property prices in Ireland increased 0.9 percent in the year to October 2019, easing from a 1.0 percent rise in the previous month, as price growth slowed for both houses (0.8 percent vs 1.0 percent in September) and apartments (0.6 percent vs 0.7 percent). Still, Dublin's residential property costs dropped at a faster pace (-1.5 percent vs -1.2 percent), while in the rest of the country prices increased (3.3 percent vs 3.4 percent). Overall, the national index was 16.9 percent lower than its highest level in 2007.

2019-11-14
Irish Home Price Growth Slows Further in September
Residential property prices in Ireland increased 1.1 percent in the year to September 2019, easing from a 2.0 percent rise in the previous month, as price growth slowed for both houses (1.1 percent vs 2.9 percent in August) and apartments (0.6 percent vs 1.1 percent). Still, Dublin's residential property costs dropped at a faster pace (-1.3 percent vs -0.4 percent), while in the rest of the country prices increased (3.6 percent vs 4.5 percent). Overall, the national index was 16.9 percent lower than its highest level in 2007.

2019-10-10
Irish Home Price Growth Slows in August
Residential property prices in Ireland rose 2 percent in the year to August 2019, following a 2.3 percent advance in the previous month, as price growth slowed for both houses (1.9 percent vs 2.2 percent in July) and apartments (1.1 percent vs 1.4 percent). Still, Dublin's residential property costs dropped at a faster pace (-0.3 percent vs -0.1 percent), while in the rest of the country prices increased (4.4 percent vs 4.6 percent). Overall, the national index was 17 percent lower than its highest level in 2007.

2019-09-12
Irish Residential Property Prices Rise at Faster Rate
Residential property prices in Ireland rose 2.3 percent in the year to July 2019, following a 2.0 percent advance in the previous month, as price growth picked up for both houses (2.2 percent vs 2.0 percent in June) and apartments (1.5 percent vs 1.1 percent). Still, Dublin's residential property costs dropped for the first time since October 2012 (-0.2 percent vs 0.1 percent), while in the rest of the country prices increased at a faster pace (4.8 percent vs 4.0 percent). Overall, the national index was 17.3 percent lower than its highest level in 2007.

2019-08-14
Irish Residential Property Prices Rise the Least in 6 Years
Residential property prices in Ireland rose 2 percent in the year to June 2019, slowing from a downwardly revised 2.6 percent advance in the previous month. That was the smallest increase in house prices since June 2013, as price growth eased for both houses (1.9 percent vs 2.8 percent in May) and apartments (1.4 percent vs 1.8 percent). In Dublin, residential property costs were up 0.1 percent (vs unchanged in May) and in the rest of the country they increased 3.9 percent (vs 5.3 percent in May). Overall, the national index was 18 percent lower than its highest level in 2007.

2019-07-10
Irish Home Price Growth at Near 6-Year Low
Residential property prices in Ireland rose 2.8 percent in the year to May 2019, slowing from a downwardly revised 3 percent advance in the previous month. That was the smallest increase in house prices since July 2013, as price growth eased for both houses (2.9 percent vs 3.1 percent in April) and apartments (2.1 percent vs 2.8 percent). In Dublin, residential property costs were up 0.6 percent (vs 0.5 percent in April) and in the rest of the country they increased 5.1 percent (vs 5.4 percent in April). Overall, the national index was 18.2 percent lower than its highest level in 2007.


Ireland Residential Property Prices
In Ireland, the housing index refers to the Residential Property Price Index (RPPI) and it is designed to measure the change in the average level of prices paid for residential properties sold in the country. The RPPI is compiled using data on mortgage drawdowns provided on a monthly basis by 8 of the main Mortgage Lending Institutions under Section 13 of the Housing Act (2002). It is transactions based; meaning that prices are recorded only where a sale occurs. Not all residential property transactions are funded by a mortgage (i.e. they are cash based) and these transactions are excluded from the scope of the index.

Ireland Housing Last Previous Highest Lowest Unit
Housing Index 109.00 108.89 131.00 58.70 points [+]
New Home Sales 868.00 812.00 879.00 159.00 Units [+]
Building Permits 1922.00 1774.00 7563.00 751.00 [+]
Construction Output 3.10 5.30 36.10 -38.60 percent [+]
Construction Pmi 52.00 48.20 68.80 43.40 points [+]
Existing Home Sales 3123.00 3616.00 3671.00 610.00 Units [+]
Home Ownership Rate 69.50 69.80 81.80 68.60 percent [+]