Residential property prices in Ireland rose 2.3 percent in the year to July 2019, following a 2.0 percent advance in the previous month, as price growth picked up for both houses (2.2 percent vs 2.0 percent in June) and apartments (1.5 percent vs 1.1 percent). Still, Dublin's residential property costs dropped for the first time since October 2012 (-0.2 percent vs 0.1 percent), while in the rest of the country prices increased at a faster pace (4.8 percent vs 4.0 percent). Overall, the national index was 17.3 percent lower than its highest level in 2007. Housing Index in Ireland averaged 92.89 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 114.00 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 120.00 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
2019-08-14 10:00 AM Residential Property Prices YoY Jun 2% 2.6% 2.1%
2019-08-14 10:00 AM Residential Property Prices MoM Jun 0.4% 0.3% 0.3%
2019-09-12 10:00 AM Residential Property Prices YoY Jul 2.3% 2% 1.6%
2019-09-12 10:00 AM Residential Property Prices MoM Jul 0.9% 0.4% 0.3%

Ireland Housing Last Previous Highest Lowest Unit
Housing Index 108.40 107.40 131.00 58.70 Index Points [+]
New Home Sales 608.00 674.00 879.00 159.00 Units [+]
Building Permits 1774.00 1823.00 7563.00 751.00 [+]
Construction Output 11.30 9.90 36.10 -38.60 percent [+]
Construction Pmi 53.70 51.40 68.80 43.40 [+]
Existing Home Sales 2783.00 2924.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
108.40 107.40 131.00 58.70 2005 - 2019 Index Points Monthly
2005M1=100, NSA

Country Last Previous
Argentina 847.45 Jul/19
Australia -0.70 Aug/19
Brazil 129.50 Jun/19
Canada 102.90 Jul/19
China 8.80 Aug/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 164.78 Aug/19
India 105.00 Dec/18
Indonesia 210.38 Sep/19
Italy 97.80 Mar/19
Japan 115.55 May/19
Netherlands 132.50 Aug/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Jun/19
Singapore 150.80 Jun/19
South Korea 99.60 Aug/19
Spain 1637.40 Jun/19
Switzerland 167.31 Jun/19
Turkey 113.20 Jul/19
United Kingdom 402.71 Aug/19
United States 0.20 Jun/19