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Residential Property Price Index February 2022

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CSO statistical publication, , 11am

On-line ISSN: 2009-5236
Table 1.1: Residential Property Price Index
MonthPrice Index (2015=100)Monthly % change Annual % change
November 2021155.31.314.0
December 2021156.70.914.2
January 2022158.20.914.8
February 2022159.40.815.3
The latest three month's RPPI results are provisional and subject to revision.

Residential property prices (houses and apartments) increased by 15.3% nationally in the year to February. This compares to an increase of 14.8% in the year to January 2022 and an increase of 3.0% in the twelve months to February 2021.

In Dublin, residential property prices saw an increase of 13.5% in the year to February, while property prices outside Dublin were 16.8% higher. See Figure 1.1.

MonthNationalDublinRest of Ireland
Jan-167.74.810.9
Feb-167.44.610.5
Mar-167.44.910.1
Apr-167.25.49
May-166.14.48
Jun-165.63.28
Jul-1673.910.2
Aug-167.34.510
Sep-168.16.210.1
Oct-167.45.19.8
Nov-169.26.811.7
Dec-1696.711.2
Jan-178.75.811.6
Feb-179.66.812.4
Mar-179.87.212.2
Apr-179.55.813.3
May-1710.98.813
June-1711.310.611.8
July-1711.611.811.4
Aug-1711.711.711.7
Sept-1711.911.212.5
Oct-1711.811.511.9
Nov-1711.110.511.8
Dec-1712.111.712.6
Jan-1811.911.712.1
Feb-1812.512.512.4
Mar-1812.611.713.7
Apr-1813.41313.8
May-1812.41113.9
June-1812915.2
July-189.97.412.7
Aug-188.96.611.3
Sep-188.56.410.7
Oct-188.36.110.7
Nov-187.15.19.2
Dec-186.33.98.9
Jan-195.22.77.9
Feb-194.31.47.3
Mar-193.80.96.8
Apr-192.90.55.4
May-192.6-0.15.3
June-1920.14
July-192.204.4
Aug-191.9-0.44.3
Sep-191.1-1.13.4
Oct-191-1.43.5
Nov-191.1-13.3
Dec-190.3-1.72.4
Jan-201-0.52.6
Feb-201-0.12.2
Mar-200.90.61.3
Apr-200.70.21.2
May-200.3-0.20.9
June-200-0.60.6
July-20-0.7-1.40.1
Aug-20-0.9-1.8-0.1
Sep-20-0.8-1.80.2
Oct-20-0.5-1.30.3
Nov-200.4-0.61.3
Dec-202.21.53
Jan-212.50.93.9
Feb-2131.44.5
Mar-213.52.34.7
Apr-214.53.75.3
May-215.44.86
June-216.86.37.4
July-218.58.18.9
Aug-2110.910.311.4
Sep-2112.411.713.1
Oct-2113.312.114.3
Nov-211412.715
Dec-2114.212.915.3
Jan-2214.813.216.1
Feb-2215.313.516.8

In Dublin, house prices increased by 13.6% and apartment prices increased by 12.8%. The highest house price growth in Dublin was in Fingal at 14.3%, while South Dublin saw a rise of 12.2%.

Outside Dublin, house prices were up by 16.7% and apartment prices up by 17.8%. The region outside of Dublin that saw the largest rise in house prices was the Border at 26.9%, while at the other end of the scale, the Mid-East saw a 14.5% rise. See Figure 1.2.

Price IndexAnnual percentage change
National - all residential properties15.3
National - houses15.5
National - apartments14.3
Dublin - all residential properties13.5
Dublin - houses13.6
Dublin - apartments12.8
Dublin City - houses14.1
Dun Laoghaire-Rathdown - houses13.5
Fingal - houses14.3
South Dublin - houses12.2
National excluding Dublin - all residential properties16.8
National excluding Dublin - houses16.7
National excluding Dublin - apartments17.8
Border - houses26.9
Midland - houses18.4
West - houses17.5
Mid-East - houses14.5
Mid-West - houses14.8
South-East - houses19.8
South-West - houses15.4
Residential Property Price Index Breakdown (Base 2015=100)

Overall Decline

Overall, the national index is 2.5% lower than its highest level in 2007. Dublin residential property prices are 10.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 3.9% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 117.3% from their trough in early 2013. Dublin residential property prices have risen 122.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 121.2% higher than at the trough, which was in May 2013. See Figure 1.3.

MonthNationalDublinRest of Ireland
Jan-10113.296.1135.3
Feb-10111.493.9133.7
Mar-1011091.8132.9
Apr-10109.491.6131.8
May-10107.590.7128.8
Jun-10106.389.5127.8
Jul-10105.288.8126.2
Aug-10104.989.3125
Sep-10103.689.1122.4
Oct-10101.987.7120.2
Nov-1099.885.9117.7
Dec-1098.384.4116.3
Jan-1197.583.5115.5
Feb-1195.681.8113.4
Mar-1193.379.5110.9
Apr-119278.9108.9
May-1190.477.6106.9
Jun-1189.176.5105.3
Jul-1187.275.4102.5
Aug-118573.999.4
Sep-1183.271.897.8
Oct-1181.770.496.3
Nov-1180.368.995.1
Dec-1179.167.693.9
Jan-1277.866.492.5
Feb-127664.690.8
Mar-1276.465.191.1
Apr-1275.264.888.7
May-127564.888.1
Jun-1274.865.187.3
Jul-1275.666.587.4
Aug-1275.767.486.6
Sep-1276.368.187
Oct-1276.668.886.8
Nov-1276.369.285.6
Dec-1276.67085.3
Jan-1375.269.482.9
Feb-1374.468.282.5
Mar-1373.467.880.7
Apr-1373.768.680.5
May-1373.769.179.8
Jun-1375.671.680.9
Jul-1377.474.281.6
Aug-1378.57681.8
Sep-1379.777.482.9
Oct-1380.277.983.4
Nov-1380.678.883
Dec-1381.579.884
Jan-1481.680.183.7
Feb-148280.584
Mar-1482.581.883.6
Apr-1484.384.284.6
May-1486.587.286
Jun-148990.887
Jul-1491.794.588.5
Aug-1493.696.690
Sep-1495.69991.5
Oct-1496.699.593.1
Nov-1496.999.394.2
Dec-1496.297.994.3
Jan-1596.598.394.6
Feb-1596.297.994.5
Mar-1596.597.895.2
Apr-1597.397.996.7
May-1598.498.598.4
Jun-1510099.9100.1
Jul-15100.8100.4101.2
Aug-15102101.4102.6
Sep-15102.4101.4103.4
Oct-15103.5102.6104.5
Nov-15103.2102.2104.3
Dec-15103101.6104.4
Jan-16104103.1104.9
Feb-16103.4102.3104.4
Mar-16103.7102.6104.8
Apr-16104.3103.2105.5
May-16104.5102.9106.2
Jun-16105.6103.1108.2
Jul-16107.9104.4111.5
Aug-16109.4106112.9
Sep-16110.7107.6113.9
Oct-16111.2107.9114.7
Nov-16112.7109.1116.4
Dec-16112.2108.4116.2
Jan-17113109117.1
Feb-17113.3109.3117.5
Mar-17113.8110117.7
Apr-17114.2109.2119.5
May-17115.9112120
June-17117.5114.1120.9
July-17120.4116.7124.3
Aug-17122.2118.4126.2
Sept-17123.9119.7128.1
Oct-17124.3120.3128.4
Nov-17125.3120.6130.1
Dec-17125.9121.1130.8
Jan-18126.5121.8131.3
Feb-18127.4122.9132
Mar-18128.2122.8133.8
Apr-18129.5123.3136
May-18130.3124.2136.7
June-18131.6124.4139.3
July-18132.4125.3140
Aug-18133.1126.3140.4
Sep-18134.4127.3141.9
Oct-18134.7127.7142.1
Nov-18134.2126.8142.1
Dec-18133.8125.8142.4
Jan-19133.1125.1141.6
Feb-19132.9124.7141.6
Mar-19133123.9142.9
Apr-19133.3123.9143.4
May-19133.6124.2143.9
June-19134.2124.5144.8
July-19135.3125.3146.2
Aug-19135.7125.8146.5
Sep-19135.9125.9146.7
Oct-19136125.9147
Nov-19135.7125.6146.8
Dec-19134.2123.6145.9
Jan-20134.4124.5145.3
Feb-20134.2124.6144.8
Mar-20134.3124.7144.7
Apr-20134.2124.2145.1
May-20134.1123.9145.2
June-20134.2123.7145.7
July-20134.4123.5146.3
Aug-20134.5123.6146.4
Sep-20134.8123.7146.9
Oct-20135.4124.3147.5
Nov-20136.2124.8148.7
Dec-20137.2125.4150.2
Jan-21137.8125.7151
Feb-21138.3126.4151.2
Mar-21139127.6151.5
Apr-21140.2128.8152.8
May-21141.3129.9154
June-21143.4131.6156.4
July-21145.8133.5159.3
Aug-21149.1136.3163.1
Sept-21151.5138.1166.1
Oct-21153.3139.3168.5
Nov-21155.3140.7171
Dec-21156.7141.6173.1
Jan-22158.2142.3175.2
Feb-22159.4143.5176.6

Note

RPPI is based on Revenue stamp duty returns, which have a 44 day submission deadline. To account for this fact and also for late filings, the RPPI for the latest three months is provisional and subject to revision. See background notes.

For further Information see tables on PxStat

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