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.