Back to Top

Central Statistics Office

Search currently unavailable

 Skip navigation

Residential Property Price Index October 2017

Print
Open in Excel:

CSO statistical publication, 12 December 2017, 11am

On-line ISSN: 2009-5236

Residential property prices rise by 12.1% in the year to October

Table 1.1: Residential Property Price Index
MonthPrice Index (Jan 2005=100)Monthly % change Annual % change
August 201797.91.611.8
September 201799.41.512.2
October 201799.90.512.1
The latest two month's RPPI results are provisional and subject to revision.
MonthNationalDublinRest of Ireland
Jan-05100100100
Feb-05100.8102.1100.1
Mar-05101.4102.9100.5
Apr-05102.1103.6101.2
May-05102.8104.4101.9
Jun-05103.7104.5103.3
Jul-05105.3105.7105.1
Aug-05107.1107.8106.7
Sep-05108.2109.7107.4
Oct-05110.6112.8109.3
Nov-05111.5114.3110
Dec-05112.6114.9111.4
Jan-06113.2115.4111.9
Feb-06113.5116.4111.8
Mar-06114.1117.1112.4
Apr-06115.8119.2113.9
May-06118.2122.3115.8
Jun-06120.3125.5117.4
Jul-06123129.5119.5
Aug-06125.8133.3121.6
Sep-06126.8133.5123.1
Oct-06127.6134.4123.8
Nov-06127.6133.9124.1
Dec-06128.6134.1125.5
Jan-07129.7134.3127.1
Feb-07130.3135127.7
Mar-07130.5133.7128.6
Apr-07131134129.2
May-07130.6132.7129.3
Jun-07130.3133128.7
Jul-07130.6133.7128.8
Aug-07130.4133128.8
Sep-07130.4133.3128.7
Oct-07130133.3128.1
Nov-07130132.2128.7
Dec-07129.2130.5128.4
Jan-08128.1127.5128.2
Feb-08127126.8126.9
Mar-08125.9126.1125.6
Apr-08124.8126.1124.1
May-08123.5126.2122.1
Jun-08122.3124.9120.9
Jul-08121.6123.4120.5
Aug-08120.3121.7119.5
Sep-08118.8117.5119.1
Oct-08116.2113.4117.2
Nov-08114.1110.2115.7
Dec-08111.9108113.5
Jan-09109105110.8
Feb-09106100.3108.5
Mar-09103.296.6106.3
Apr-09100.992.9104.6
May-0998.590.9102.1
Jun-0996.989.8100.2
Jul-0995.588.998.5
Aug-0994.38996.6
Sep-0994.288.696.8
Oct-0993.186.696.2
Nov-0992.88596.4
Dec-0991.583.295.5
Jan-1090.681.195.2
Feb-1089.279.294.1
Mar-1088.177.593.6
Apr-1087.677.392.8
May-1086.176.590.7
Jun-1085.175.589.9
Jul-1084.27588.8
Aug-108475.487.9
Sep-108375.286.2
Oct-1081.67484.6
Nov-1079.972.582.9
Dec-1078.771.281.8
Jan-117870.581.3
Feb-1176.56979.8
Mar-1174.767.178.1
Apr-1173.766.676.6
May-1172.465.575.2
Jun-1171.364.674.1
Jul-1169.863.672.2
Aug-116862.370
Sep-1166.660.668.9
Oct-1165.459.467.7
Nov-1164.358.166.9
Dec-1163.35766.1
Jan-1262.35665.1
Feb-1260.954.563.9
Mar-1261.254.964.1
Apr-1260.254.762.4
May-126054.762
Jun-1259.95561.5
Jul-1260.556.161.5
Aug-1260.656.861
Sep-1261.157.561.2
Oct-1261.35861.1
Nov-1261.158.460.3
Dec-1261.359.160
Jan-1360.258.658.3
Feb-1359.557.658.1
Mar-1358.757.256.8
Apr-135957.956.7
May-135958.356.2
Jun-1360.560.456.9
Jul-136262.657.4
Aug-1362.864.257.5
Sep-1363.865.358.3
Oct-1364.265.758.7
Nov-1364.566.558.4
Dec-1365.367.359.1
Jan-1465.467.658.9
Feb-1465.66859.1
Mar-1466.16958.9
Apr-1467.57159.5
May-1469.373.660.5
Jun-1471.376.661.2
Jul-1473.579.762.3
Aug-1474.981.563.3
Sep-1476.583.564.4
Oct-1477.38465.5
Nov-1477.683.866.3
Dec-147782.666.4
Jan-1577.38366.6
Feb-157782.666.5
Mar-1577.382.567
Apr-1577.982.668.1
May-1578.883.269.2
Jun-1580.184.370.5
Jul-1580.784.771.2
Aug-1581.785.672.2
Sep-158285.572.8
Oct-1582.986.673.5
Nov-1582.686.273.4
Dec-1582.585.873.5
Jan-1683.28773.8
Feb-1682.786.473.5
Mar-168386.673.8
Apr-1683.587.174.2
May-1683.786.874.7
Jun-1684.58776.1
Jul-1686.488.178.5
Aug-1687.689.479.5
Sep-1688.690.880.1
Oct-1689.19180.7
Nov-1690.292.181.9
Dec-1689.991.581.7
Jan-1790.59282.4
Feb-1790.792.282.7
Mar-1791.192.882.8
Apr-1791.492.184.1
May-1792.894.584.4
June-1794.196.385.1
July-1796.498.587.4
Aug-1797.999.988.8
Sept-1799.4101.390.4
Oct-1799.9101.691

In the year to October, residential property prices at national level increased by 12.1%. This compares with an increase of 12.2% in the year to September and an increase of 7.5% in the twelve months to October 2016.

In Dublin, residential property prices increased by 11.6% in the year to October. Dublin house prices increased 11.6%. Apartments in Dublin increased 12.1% in the same period. The highest house price growth was in South Dublin, at 14.4%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, with house prices rising 9.7%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 12.8% higher in the year to October. House prices in the Rest of Ireland increased 12.5% over the period. The West region showed the greatest price growth, with house prices increasing 15.8%.  The Midland region showed the least price growth, with house prices increasing 8.0%. Apartment prices in the Rest of Ireland increased 15.9% in the same period. 

Overall Decline

Overall, the national index is 23.7% lower than its highest level in 2007. Dublin residential property prices are 24.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 29.6% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 70.2%. In the same period, Dublin residential property prices have increased 86.4% whilst residential property prices in the Rest of Ireland are 61.9% higher.

Price Indexannual percentage change
National - all residential properties12.1
National - houses12.1
National - apartments12.7
Dublin - all residential properties11.6
Dublin - houses11.6
Dublin - apartments12.1
Dublin City - houses12.9
Dun Laoghaire-Rathdown - houses9.7
Fingal - houses12.2
South Dublin - houses14.4
National excluding Dublin - all residential properties12.8
National excluding Dublin - houses12.5
National excluding Dublin - apartments15.9
Border excluding Louth - houses12.8
Midland - houses8
West - houses15.8
Mid-East including Louth - houses12.4
Mid-West including South Tipperary - houses11.5
South-East excluding South Tipperary - houses11.7
South-West - houses13.1

Note that due to data smoothing, aggregate index annual percentage changes may be greater or less than their component sub-indices, see here for more information.

Show Table: Residential Property Price Index Breakdown(Base Jan 2005=100)

Note

Because the RPPI is based on Revenue stamp duty returns, which have a 44 day submission deadline, only a fraction of the two most recent months’ residential property transactions are available for index compilation the following month. This means that the RPPI for the latest two months is provisional and subject to revision. See background notes.

The Statbank Tables are available here

Go to next chapter >>> Additional Indicators