CSO statistical publication, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (Jan 2005=100) | Monthly % change | Annual % change |
| May 2019 | 107.0 | 0.3 | 2.6 |
| June 2019 | 107.4 | 0.4 | 2.0 |
| July 2019 | 108.4 | 0.9 | 2.3 |
| The latest two month's RPPI results are provisional and subject to revision. | |||
| Month | National | Dublin | Rest of Ireland |
|---|---|---|---|
| Jan-05 | 100 | 100 | 100 |
| Feb-05 | 100.8 | 102.1 | 100.1 |
| Mar-05 | 101.4 | 102.9 | 100.5 |
| Apr-05 | 102.1 | 103.6 | 101.2 |
| May-05 | 102.8 | 104.4 | 101.9 |
| Jun-05 | 103.7 | 104.5 | 103.3 |
| Jul-05 | 105.3 | 105.7 | 105.1 |
| Aug-05 | 107.1 | 107.8 | 106.7 |
| Sep-05 | 108.2 | 109.7 | 107.4 |
| Oct-05 | 110.6 | 112.8 | 109.3 |
| Nov-05 | 111.5 | 114.3 | 110 |
| Dec-05 | 112.6 | 114.9 | 111.4 |
| Jan-06 | 113.2 | 115.4 | 111.9 |
| Feb-06 | 113.5 | 116.4 | 111.8 |
| Mar-06 | 114.1 | 117.1 | 112.4 |
| Apr-06 | 115.8 | 119.2 | 113.9 |
| May-06 | 118.2 | 122.3 | 115.8 |
| Jun-06 | 120.3 | 125.5 | 117.4 |
| Jul-06 | 123 | 129.5 | 119.5 |
| Aug-06 | 125.8 | 133.3 | 121.6 |
| Sep-06 | 126.8 | 133.5 | 123.1 |
| Oct-06 | 127.6 | 134.4 | 123.8 |
| Nov-06 | 127.6 | 133.9 | 124.1 |
| Dec-06 | 128.6 | 134.1 | 125.5 |
| Jan-07 | 129.7 | 134.3 | 127.1 |
| Feb-07 | 130.3 | 135 | 127.7 |
| Mar-07 | 130.5 | 133.7 | 128.6 |
| Apr-07 | 131 | 134 | 129.2 |
| May-07 | 130.6 | 132.7 | 129.3 |
| Jun-07 | 130.3 | 133 | 128.7 |
| Jul-07 | 130.6 | 133.7 | 128.8 |
| Aug-07 | 130.4 | 133 | 128.8 |
| Sep-07 | 130.4 | 133.3 | 128.7 |
| Oct-07 | 130 | 133.3 | 128.1 |
| Nov-07 | 130 | 132.2 | 128.7 |
| Dec-07 | 129.2 | 130.5 | 128.4 |
| Jan-08 | 128.1 | 127.5 | 128.2 |
| Feb-08 | 127 | 126.8 | 126.9 |
| Mar-08 | 125.9 | 126.1 | 125.6 |
| Apr-08 | 124.8 | 126.1 | 124.1 |
| May-08 | 123.5 | 126.2 | 122.1 |
| Jun-08 | 122.3 | 124.9 | 120.9 |
| Jul-08 | 121.6 | 123.4 | 120.5 |
| Aug-08 | 120.3 | 121.7 | 119.5 |
| Sep-08 | 118.8 | 117.5 | 119.1 |
| Oct-08 | 116.2 | 113.4 | 117.2 |
| Nov-08 | 114.1 | 110.2 | 115.7 |
| Dec-08 | 111.9 | 108 | 113.5 |
| Jan-09 | 109 | 105 | 110.8 |
| Feb-09 | 106 | 100.3 | 108.5 |
| Mar-09 | 103.2 | 96.6 | 106.3 |
| Apr-09 | 100.9 | 92.9 | 104.6 |
| May-09 | 98.5 | 90.9 | 102.1 |
| Jun-09 | 96.9 | 89.8 | 100.2 |
| Jul-09 | 95.5 | 88.9 | 98.5 |
| Aug-09 | 94.3 | 89 | 96.6 |
| Sep-09 | 94.2 | 88.6 | 96.8 |
| Oct-09 | 93.1 | 86.6 | 96.2 |
| Nov-09 | 92.8 | 85 | 96.4 |
| Dec-09 | 91.5 | 83.2 | 95.5 |
| Jan-10 | 90.6 | 81.1 | 95.2 |
| Feb-10 | 89.2 | 79.2 | 94.1 |
| Mar-10 | 88.1 | 77.5 | 93.6 |
| Apr-10 | 87.6 | 77.3 | 92.8 |
| May-10 | 86.1 | 76.5 | 90.7 |
| Jun-10 | 85.1 | 75.5 | 89.9 |
| Jul-10 | 84.2 | 75 | 88.8 |
| Aug-10 | 84 | 75.4 | 87.9 |
| Sep-10 | 83 | 75.2 | 86.2 |
| Oct-10 | 81.6 | 74 | 84.6 |
| Nov-10 | 79.9 | 72.5 | 82.9 |
| Dec-10 | 78.7 | 71.2 | 81.8 |
| Jan-11 | 78 | 70.5 | 81.3 |
| Feb-11 | 76.5 | 69 | 79.8 |
| Mar-11 | 74.7 | 67.1 | 78.1 |
| Apr-11 | 73.7 | 66.6 | 76.6 |
| May-11 | 72.4 | 65.5 | 75.2 |
| Jun-11 | 71.3 | 64.6 | 74.1 |
| Jul-11 | 69.8 | 63.6 | 72.2 |
| Aug-11 | 68 | 62.3 | 70 |
| Sep-11 | 66.6 | 60.6 | 68.9 |
| Oct-11 | 65.4 | 59.4 | 67.7 |
| Nov-11 | 64.3 | 58.1 | 66.9 |
| Dec-11 | 63.3 | 57 | 66.1 |
| Jan-12 | 62.3 | 56 | 65.1 |
| Feb-12 | 60.9 | 54.5 | 63.9 |
| Mar-12 | 61.2 | 54.9 | 64.1 |
| Apr-12 | 60.2 | 54.7 | 62.4 |
| May-12 | 60 | 54.7 | 62 |
| Jun-12 | 59.9 | 55 | 61.5 |
| Jul-12 | 60.5 | 56.1 | 61.5 |
| Aug-12 | 60.6 | 56.8 | 61 |
| Sep-12 | 61.1 | 57.5 | 61.2 |
| Oct-12 | 61.3 | 58 | 61.1 |
| Nov-12 | 61.1 | 58.4 | 60.3 |
| Dec-12 | 61.3 | 59.1 | 60 |
| Jan-13 | 60.2 | 58.6 | 58.3 |
| Feb-13 | 59.5 | 57.6 | 58.1 |
| Mar-13 | 58.7 | 57.2 | 56.8 |
| Apr-13 | 59 | 57.9 | 56.7 |
| May-13 | 59 | 58.3 | 56.2 |
| Jun-13 | 60.5 | 60.4 | 56.9 |
| Jul-13 | 62 | 62.6 | 57.4 |
| Aug-13 | 62.8 | 64.2 | 57.5 |
| Sep-13 | 63.8 | 65.3 | 58.3 |
| Oct-13 | 64.2 | 65.7 | 58.7 |
| Nov-13 | 64.5 | 66.5 | 58.4 |
| Dec-13 | 65.3 | 67.3 | 59.1 |
| Jan-14 | 65.4 | 67.6 | 58.9 |
| Feb-14 | 65.6 | 68 | 59.1 |
| Mar-14 | 66.1 | 69 | 58.9 |
| Apr-14 | 67.5 | 71 | 59.5 |
| May-14 | 69.3 | 73.6 | 60.5 |
| Jun-14 | 71.3 | 76.6 | 61.2 |
| Jul-14 | 73.5 | 79.7 | 62.3 |
| Aug-14 | 74.9 | 81.5 | 63.3 |
| Sep-14 | 76.5 | 83.5 | 64.4 |
| Oct-14 | 77.3 | 84 | 65.5 |
| Nov-14 | 77.6 | 83.8 | 66.3 |
| Dec-14 | 77 | 82.6 | 66.4 |
| Jan-15 | 77.3 | 83 | 66.6 |
| Feb-15 | 77 | 82.6 | 66.5 |
| Mar-15 | 77.3 | 82.5 | 67 |
| Apr-15 | 77.9 | 82.6 | 68.1 |
| May-15 | 78.8 | 83.2 | 69.2 |
| Jun-15 | 80.1 | 84.3 | 70.5 |
| Jul-15 | 80.7 | 84.7 | 71.2 |
| Aug-15 | 81.7 | 85.6 | 72.2 |
| Sep-15 | 82 | 85.5 | 72.8 |
| Oct-15 | 82.9 | 86.6 | 73.5 |
| Nov-15 | 82.6 | 86.2 | 73.4 |
| Dec-15 | 82.5 | 85.8 | 73.5 |
| Jan-16 | 83.2 | 87 | 73.8 |
| Feb-16 | 82.7 | 86.4 | 73.5 |
| Mar-16 | 83 | 86.6 | 73.8 |
| Apr-16 | 83.5 | 87.1 | 74.2 |
| May-16 | 83.7 | 86.8 | 74.7 |
| Jun-16 | 84.5 | 87 | 76.1 |
| Jul-16 | 86.4 | 88.1 | 78.5 |
| Aug-16 | 87.6 | 89.4 | 79.5 |
| Sep-16 | 88.6 | 90.8 | 80.1 |
| Oct-16 | 89.1 | 91 | 80.7 |
| Nov-16 | 90.2 | 92.1 | 81.9 |
| Dec-16 | 89.9 | 91.5 | 81.7 |
| Jan-17 | 90.5 | 92 | 82.4 |
| Feb-17 | 90.7 | 92.2 | 82.7 |
| Mar-17 | 91.1 | 92.8 | 82.8 |
| Apr-17 | 91.4 | 92.1 | 84.1 |
| May-17 | 92.8 | 94.5 | 84.4 |
| June-17 | 94.1 | 96.3 | 85.1 |
| July-17 | 96.4 | 98.5 | 87.4 |
| Aug-17 | 97.9 | 99.9 | 88.8 |
| Sept-17 | 99.2 | 101 | 90.2 |
| Oct-17 | 99.5 | 101.5 | 90.4 |
| Nov-17 | 100.3 | 101.8 | 91.6 |
| Dec-17 | 100.8 | 102.2 | 92.1 |
| Jan-18 | 101.2 | 102.8 | 92.4 |
| Feb-18 | 102 | 103.7 | 92.9 |
| Mar-18 | 102.6 | 103.7 | 94.1 |
| Apr-18 | 103.6 | 104.1 | 95.7 |
| May-18 | 104.3 | 104.8 | 96.2 |
| June-18 | 105.3 | 104.9 | 98 |
| July-18 | 106 | 105.8 | 98.5 |
| Aug-18 | 106.6 | 106.6 | 98.8 |
| Sep-18 | 107.6 | 107.5 | 99.8 |
| Oct-18 | 107.8 | 107.8 | 100 |
| Nov-18 | 107.5 | 107 | 100 |
| Dec-18 | 107.1 | 106.1 | 100.2 |
| Jan-19 | 106.5 | 105.6 | 99.6 |
| Feb-19 | 106.4 | 105.2 | 99.7 |
| Mar-19 | 106.5 | 104.6 | 100.5 |
| Apr-19 | 106.7 | 104.6 | 100.9 |
| May-19 | 107 | 104.8 | 101.3 |
| June-19 | 107.4 | 105 | 101.9 |
| July-19 | 108.4 | 105.6 | 103.2 |
Residential property prices increased by 2.3% nationally in the year to July. This compares with an increase of 2.0% in the year to June and an increase of 10.0% in the twelve months to July 2018.
In Dublin, residential property prices decreased by 0.2% in the year to July - house prices decreased by 0.5% and apartments rose by 0.9%. The highest house price growth in Dublin was in South Dublin at 3%, while Dun Laoghaire-Rathdown saw a decline of 6.3%.
Residential property prices in Ireland excluding Dublin were 4.8% higher in the year to July, with house prices up by 4.6% and apartments by 5.4%. The region outside of Dublin that saw the largest rise in house prices was the Border at 16.1%, while the smallest rise was recorded in the Mid-East at 0.4%.
Overall Decline
Overall, the national index is 17.3% lower than its highest level in 2007. Dublin residential property prices are 21.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.2% lower than their May 2007 peak.
Recovery
Property prices nationally have increased by 84.7% from their trough in early 2013. Dublin residential property prices have risen 93.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.6% higher than at the trough, which was in May 2013.
| Price Index | annual percentage change |
|---|---|
| National - all residential properties | 2.3 |
| National - houses | 2.2 |
| National - apartments | 1.5 |
| Dublin - all residential properties | -0.2 |
| Dublin - houses | -0.5 |
| Dublin - apartments | 0.9 |
| Dublin City - houses | -1 |
| Dun Laoghaire-Rathdown - houses | -6.3 |
| Fingal - houses | 1.6 |
| South Dublin - houses | 3 |
| National excluding Dublin - all residential properties | 4.8 |
| National excluding Dublin - houses | 4.6 |
| National excluding Dublin - apartments | 5.4 |
| Border - houses | 16.1 |
| Midland - houses | 3.8 |
| West - houses | 7.7 |
| Mid-East - houses | 0.4 |
| Mid-West - houses | 3.5 |
| South-East - houses | 8 |
| South-West - houses | 3.1 |
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.
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
