Residential property prices in Ireland increased 4.3 percent in the year to February 2019, the least since August 2013, easing from a downwardly revised 5.2 percent gain in the previous month. Prices slowed for both houses (4.2 percent compared to 4.9 percent in January) and apartments (5.8 percent compared to 7.2 percent). In Dublin, residential property costs rose 1.4 percent (vs 2.3 percent in January) and in the rest of the country went up 7.5 percent (vs 8.1 percent in January). Overall, the national index was 18.8 percent lower than its highest level in 2007. On a monthly basis, residential property prices declined 0.1 percent, after an upwardly revised 0.6 percent fall in the prior month. Housing Index in Ireland averaged 92.39 Index Points from 2005 until 2019, reaching an all time high of 131 Index Points in April of 2007 and a record low of 58.70 Index Points in March of 2013.

Housing Index in Ireland is expected to be 110.00 Index 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 117.00 in 12 months time. In the long-term, the Ireland Residential Property Prices is projected to trend around 125.00 Index Points in 2020, according to our econometric models.

Ireland Residential Property Prices
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-11 11:00 AM Residential Property Prices MoM 0.3% 0.9% 0.5%
2018-12-11 11:00 AM Residential Property Prices YoY 8.4% 8.5% 8.3%
2019-01-16 11:00 AM Residential Property Prices YoY 7.1% 8.4% 7.8%
2019-01-16 11:00 AM Residential Property Prices MoM -0.5% 0.3% 0.2%

Ireland Housing Last Previous Highest Lowest Unit
Housing Index 106.40 106.50 131.00 58.70 Index Points [+]
New Home Sales 516.00 638.00 879.00 159.00 Units [+]
Building Permits 1678.00 1813.00 7563.00 751.00 [+]
Construction Output 10.10 17.70 36.10 -38.60 percent [+]
Construction Pmi 55.90 60.50 68.80 43.40 [+]
Existing Home Sales 2491.00 2961.00 3671.00 610.00 Units [+]
Home Ownership Rate 69.50 69.80 81.80 68.60 percent [+]

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. This page provides the latest reported value for - Ireland Residential Property Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Residential Property Prices - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
106.40 106.50 131.00 58.70 2005 - 2019 Index Points Monthly
2005M1=100, NSA

Country Last Previous
Argentina 702.68 Feb/19
Australia -2.40 Dec/18
Brazil 129.40 Feb/19
Canada 103.20 Feb/19
China 10.60 Mar/19
Euro Area 114.04 Dec/18
France 108.50 Dec/18
Germany 154.14 Feb/19
India 107.00 Sep/18
Indonesia 208.22 Mar/19
Italy 98.20 Dec/18
Japan 110.89 Dec/18
Netherlands 128.70 Feb/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 148.70 Mar/19
South Korea 99.80 Mar/19
Spain 1618.80 Dec/18
Switzerland 167.01 Dec/18
Turkey 271.30 Jan/19
United Kingdom 754.70 Mar/19
United States 0.60 Jan/19