Residential property prices in Ireland decreased by 0.5 percent in the year to July 2020, the first month of decline since May 2013, amid the coronavirus crisis. House prices went down 0.3 percent, compared to a 0.2 percent gain in June, and apartments cost advanced 1.9 percent, little-changed from 2.0 percent in the previous period. In Dublin, residential property prices dropped by 1.3 percent (vs -0.5 percent in June), while in the rest of the country prices rose by 0.2 percent (vs 0.6 percent in June). Overall, the national index was 17.7 percent lower than its highest level in 2007.

Housing Index in Ireland averaged 117.23 points from 2005 until 2020, 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 September of 2020. source: Central Statistics Office Ireland

Housing Index in Ireland is expected to be 127.00 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 130.00 in 12 months time. In the long-term, the Ireland Residential Property Prices is projected to trend around 132.00 points in 2021 and 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
134.60 134.20 163.60 73.40 2005 - 2020 points Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-18 10:00 AM Residential Property Prices YoY Jun 0.1% 0.3% -0.3%
2020-08-18 10:00 AM Residential Property Prices MoM Jun 0.3% -0.1% -0.2%
2020-09-16 10:00 AM Residential Property Prices YoY Jul -0.5% 0.0% -0.2%
2020-09-16 10:00 AM Residential Property Prices MoM Jul 0.3% 0.1% 0.5%


News Stream
Irish Home Prices Fall for 1st Time Since 2013
Residential property prices in Ireland decreased by 0.5 percent in the year to July 2020, the first month of decline since May 2013, amid the coronavirus crisis. House prices went down 0.3 percent, compared to a 0.2 percent gain in June, and apartments cost advanced 1.9 percent, little-changed from 2.0 percent in the previous period. In Dublin, residential property prices dropped by 1.3 percent (vs -0.5 percent in June), while in the rest of the country prices rose by 0.2 percent (vs 0.6 percent in June). Overall, the national index was 17.7 percent lower than its highest level in 2007.
2020-09-16
Irish Home Prices Rise the Least in 7 Years
Residential property prices in Ireland rose 0.1 percent in the year to June 2020, the smallest increase since May 2013. House prices went up 0.3 percent, slower than 0.5 percent in May, and apartments cost climbed 2.5 percent, following a 1.7 percent advance. In Dublin, residential property prices dropped 0.7 percent (vs -0.2 percent in May), while in the rest of the country prices rose 0.9 percent, the same as in May. Overall, the national index was 17.8 percent lower than its highest level in 2007.
2020-08-18
Irish Home Price Growth Slows to 5-Month Low
Residential property prices in Ireland rose 0.3 percent in the year to May 2020, the smallest increase since December. House prices went up 0.6 percent, slower than 0.9 percent in April, and apartments cost climbed 1.0 percent, following a 1.5 percent advance. In Dublin, residential property prices were unchanged (vs 0.2 percent in April), while in the rest of the country prices rose at a softer pace (0.7 percent vs 1.2 percent). Overall, the national index was 18.1 percent lower than its highest level in 2007.
2020-07-15
Irish Home Price Growth Slows in April
Residential property prices in Ireland increased 0.5 percent in the year to April of 2020, easing from a downwardly revised 0.9 percent rise in the previous month. House prices went up 0.8 percent, slower than 1.2 percent in March, and apartments cost climbed 1 percent, the same pace as in the prior month. In Dublin, residential property prices decreased 0.1 percent, down from a 0.6 percent gain in March, while in the rest of the country prices rose 1.1 percent (vs 1.3 percent). Overall, the national index is 18.1 percent lower than its highest level in 2007.
2020-06-17

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.