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Residential Property Price Index May 2019

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CSO statistical publication, , 11am

On-line ISSN: 2009-5236

Residential property prices rise by 2.8% in the year to May

Table 1.1: Residential Property Price Index
MonthPrice Index (Jan 2005=100)Monthly % change Annual % change
March 2019106.50.13.8
April 2019106.70.23.0
May 2019107.20.52.8
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-1799.210190.2
Oct-1799.5101.590.4
Nov-17100.3101.891.6
Dec-17100.8102.292.1
Jan-18101.2102.892.4
Feb-18102103.792.9
Mar-18102.6103.794.1
Apr-18103.6104.195.7
May-18104.3104.896.2
June-18105.3104.998
July-18106105.898.5
Aug-18106.6106.698.8
Sep-18107.6107.599.8
Oct-18107.8107.8100
Nov-18107.5107100
Dec-18107.1106.1100.2
Jan-19106.5105.699.6
Feb-19106.4105.299.7
Mar-19106.5104.6100.5
Apr-19106.7104.6100.9
May-19107.2105.4101.1

Residential property prices increased by 2.8% nationally in the year to May. This compares with an increase of 3.0% in the year to April and an increase of 12.4% in the twelve months to May 2018.

In Dublin, residential property prices rose by 0.6% in the year to May, with house prices up 0.4% and apartments rising by 0.8%. The highest house price growth in Dublin was in South Dublin at 4.0%, while Dun Laoghaire-Rathdown, conversely, saw a decline of 2.6%.

Residential property prices in Ireland excluding Dublin were 5.1% higher in the year to May, with house prices up by 5.2% and apartments by 5.2%. The region outside of Dublin that saw the largest rise in property prices was the Border at 15.2%, while the smallest rise was recorded in the Mid-East at 0.5%.

Overall Decline

Overall, the national index is 18.2% lower than its highest level in 2007. Dublin residential property prices are 21.9% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.8% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 82.6% from their trough in early 2013. Dublin residential property prices have risen 93.4% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 79.9% higher than at the trough, which was in May 2013.

Price Indexannual percentage change
National - all residential properties2.8
National - houses2.9
National - apartments2.1
Dublin - all residential properties0.6
Dublin - houses0.4
Dublin - apartments0.8
Dublin City - houses-1.1
Dun Laoghaire-Rathdown - houses-2.6
Fingal - houses1.5
South Dublin - houses4
National excluding Dublin - all residential properties5.1
National excluding Dublin - houses5.2
National excluding Dublin - apartments5.2
Border - houses15.2
Midland - houses8.2
West - houses9.9
Mid-East - houses0.5
Mid-West - houses5.6
South-East - houses7.7
South-West - houses4.3

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

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