Residential property prices in Ireland rose 8.4 percent in the year to October 2018, easing from an upwardly revised 8.5 percent growth in the previous month, as apartment prices went up at a softer pace (9.7 percent vs 11.9 percent in September). Meanwhile, house prices increased 8.6 percent, faster than 8.2 percent in the previous month. In Dublin residential property costs rose 6.3 percent (vs 6.4 percent in September) and in the rest of the country they advanced 10.6 percent, the same as in a month earlier. Still, the national index was 17.6 percent lower than its highest level in 2007. Housing Index in Ireland averaged 92.13 Index Points from 2005 until 2018, 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 108.00 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 114.00 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.