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.