Residential property prices in Ireland rose 3.0 percent year-on-year in February of 2021, accelerating from a 2.6 percent increase in the previous month. It was the fourth consecutive month of gains in home prices and the biggest since April of 2019, as house prices advanced 3.0 percent, following a 2.4 percent gain in January; and apartments cost climbed 3.3 percent, easing from a 3.5 percent jump. In Dublin, residential property prices went up 1.2 percent (vs 0.9 percent in January) and in the rest of the country increased 4.7 percent (vs 4.0 percent). Overall, the national index is 15.5 percent lower than its highest level in 2007. source: Central Statistics Office Ireland

Housing Index in Ireland averaged 117.81 points from 2005 until 2021, reaching an all time high of 163.60 points in April of 2007 and a record low of 73.40 points in March of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Housing Index in Ireland is expected to be 129.00 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 132.00 in 12 months time. In the long-term, the Ireland Residential Property Prices is projected to trend around 138.00 points in 2022, according to our econometric models.

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Ireland Residential Property Prices

Actual Previous Highest Lowest Dates Unit Frequency
138.30 137.80 163.60 73.40 2005 - 2021 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-12 11:00 AM Residential Property Prices MoM Jan 0.5% 0.7% 0.3%
2021-03-12 11:00 AM Residential Property Prices YoY Jan 2.6% 2.2% 2.4%
2021-04-15 10:00 AM Residential Property Prices YoY Feb 3% 2.6% 3%
2021-04-15 10:00 AM Residential Property Prices MoM Feb 0.3% 0.4% 0.2%


News Stream
Irish Home Prices Rise the Most in Nearly 2 Years
Residential property prices in Ireland rose 3.0 percent year-on-year in February of 2021, accelerating from a 2.6 percent increase in the previous month. It was the fourth consecutive month of gains in home prices and the biggest since April of 2019, as house prices advanced 3.0 percent, following a 2.4 percent gain in January; and apartments cost climbed 3.3 percent, easing from a 3.5 percent jump. In Dublin, residential property prices went up 1.2 percent (vs 0.9 percent in January) and in the rest of the country increased 4.7 percent (vs 4.0 percent). Overall, the national index is 15.5 percent lower than its highest level in 2007.
2021-04-15
Irish Home Price Growth Accelerates to 20-Month High
Residential property prices in Ireland rose 2.6 percent year-on-year in January of 2021, accelerating from a 2.2 percent increase in the previous month. It was the third consecutive month of gains in home prices and the biggest since May of 2019, as house prices advanced 2.3 percent, following a 1.8 percent gain in December; and apartments cost climbed 4.3 percent, easing from a 5 percent jump. In Dublin, residential property prices went up 1.1 percent (vs 1.4 percent in December) and in the rest of the country increased 4 percent (vs 3 percent). Overall, the national index is 15.7 percent lower than its highest level in 2007.
2021-03-12
Irish Home Prices Rise Faster in December
Residential property prices in Ireland rose 2.2 percent in the year to December 2020, following a 0.2 percent increase in the previous month. House prices advanced 1.8 percent, after a 0.2 percent gain in November; and apartments cost climbed 4.8 percent, accelerating from a 2.4 percent rise. In Dublin, residential property prices went up 1.2 percent and in the rest of the country increased 3.1 percent. Overall, the national index is 16.1% lower than its highest level in 2007.
2021-02-12
Irish Home Prices Rise for 1st Time in 5 Months
Residential property prices in Ireland increased 0.2 percent in the year to November 2020, following four consecutive months of declines, boosted by a rebound in house prices (0.1 percent vs -0.4 percent in October). In addition, prices of apartments continued to rise at a solid pace (2.0 percent vs 1.9 percent). In Dublin, residential property prices dropped 0.9 percent, while in the rest of the country prices went up 1.2 percent. Overall, the national index was 16.9 percent lower than its highest level in 2007.
2021-01-19

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.