This release was compiled during the COVID-19 pandemic. For further information see Information Note on Implications of COVID-19 on the Residential Property Price Index - May 2020
CSO statistical publication, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (2015=100) | Monthly % change | Annual % change |
| March 2020 | 134.3 | 0.0 | 0.9 |
| April 2020 | 134.2 | -0.1 | 0.7 |
| May 2020 | 134.1 | -0.1 | 0.3 |
| The latest two month's RPPI results are provisional and subject to revision. | |||
| Month | National | Dublin | Rest of Ireland |
|---|---|---|---|
| Jan-10 | 113.2 | 96.1 | 135.3 |
| Feb-10 | 111.4 | 93.9 | 133.7 |
| Mar-10 | 110 | 91.8 | 132.9 |
| Apr-10 | 109.4 | 91.6 | 131.8 |
| May-10 | 107.5 | 90.7 | 128.8 |
| Jun-10 | 106.3 | 89.5 | 127.8 |
| Jul-10 | 105.2 | 88.8 | 126.2 |
| Aug-10 | 104.9 | 89.3 | 125 |
| Sep-10 | 103.6 | 89.1 | 122.4 |
| Oct-10 | 101.9 | 87.7 | 120.2 |
| Nov-10 | 99.8 | 85.9 | 117.7 |
| Dec-10 | 98.3 | 84.4 | 116.3 |
| Jan-11 | 97.5 | 83.5 | 115.5 |
| Feb-11 | 95.6 | 81.8 | 113.4 |
| Mar-11 | 93.3 | 79.5 | 110.9 |
| Apr-11 | 92 | 78.9 | 108.9 |
| May-11 | 90.4 | 77.6 | 106.9 |
| Jun-11 | 89.1 | 76.5 | 105.3 |
| Jul-11 | 87.2 | 75.4 | 102.5 |
| Aug-11 | 85 | 73.9 | 99.4 |
| Sep-11 | 83.2 | 71.8 | 97.8 |
| Oct-11 | 81.7 | 70.4 | 96.3 |
| Nov-11 | 80.3 | 68.9 | 95.1 |
| Dec-11 | 79.1 | 67.6 | 93.9 |
| Jan-12 | 77.8 | 66.4 | 92.5 |
| Feb-12 | 76 | 64.6 | 90.8 |
| Mar-12 | 76.4 | 65.1 | 91.1 |
| Apr-12 | 75.2 | 64.8 | 88.7 |
| May-12 | 75 | 64.8 | 88.1 |
| Jun-12 | 74.8 | 65.1 | 87.3 |
| Jul-12 | 75.6 | 66.5 | 87.4 |
| Aug-12 | 75.7 | 67.4 | 86.6 |
| Sep-12 | 76.3 | 68.1 | 87 |
| Oct-12 | 76.6 | 68.8 | 86.8 |
| Nov-12 | 76.3 | 69.2 | 85.6 |
| Dec-12 | 76.6 | 70 | 85.3 |
| Jan-13 | 75.2 | 69.4 | 82.9 |
| Feb-13 | 74.4 | 68.2 | 82.5 |
| Mar-13 | 73.4 | 67.8 | 80.7 |
| Apr-13 | 73.7 | 68.6 | 80.5 |
| May-13 | 73.7 | 69.1 | 79.8 |
| Jun-13 | 75.6 | 71.6 | 80.9 |
| Jul-13 | 77.4 | 74.2 | 81.6 |
| Aug-13 | 78.5 | 76 | 81.8 |
| Sep-13 | 79.7 | 77.4 | 82.9 |
| Oct-13 | 80.2 | 77.9 | 83.4 |
| Nov-13 | 80.6 | 78.8 | 83 |
| Dec-13 | 81.5 | 79.8 | 84 |
| Jan-14 | 81.6 | 80.1 | 83.7 |
| Feb-14 | 82 | 80.5 | 84 |
| Mar-14 | 82.5 | 81.8 | 83.6 |
| Apr-14 | 84.3 | 84.2 | 84.6 |
| May-14 | 86.5 | 87.2 | 86 |
| Jun-14 | 89 | 90.8 | 87 |
| Jul-14 | 91.7 | 94.5 | 88.5 |
| Aug-14 | 93.6 | 96.6 | 90 |
| Sep-14 | 95.6 | 99 | 91.5 |
| Oct-14 | 96.6 | 99.5 | 93.1 |
| Nov-14 | 96.9 | 99.3 | 94.2 |
| Dec-14 | 96.2 | 97.9 | 94.3 |
| Jan-15 | 96.5 | 98.3 | 94.6 |
| Feb-15 | 96.2 | 97.9 | 94.5 |
| Mar-15 | 96.5 | 97.8 | 95.2 |
| Apr-15 | 97.3 | 97.9 | 96.7 |
| May-15 | 98.4 | 98.5 | 98.4 |
| Jun-15 | 100 | 99.9 | 100.1 |
| Jul-15 | 100.8 | 100.4 | 101.2 |
| Aug-15 | 102 | 101.4 | 102.6 |
| Sep-15 | 102.4 | 101.4 | 103.4 |
| Oct-15 | 103.5 | 102.6 | 104.5 |
| Nov-15 | 103.2 | 102.2 | 104.3 |
| Dec-15 | 103 | 101.6 | 104.4 |
| Jan-16 | 104 | 103.1 | 104.9 |
| Feb-16 | 103.4 | 102.3 | 104.4 |
| Mar-16 | 103.7 | 102.6 | 104.8 |
| Apr-16 | 104.3 | 103.2 | 105.5 |
| May-16 | 104.5 | 102.9 | 106.2 |
| Jun-16 | 105.6 | 103.1 | 108.2 |
| Jul-16 | 107.9 | 104.4 | 111.5 |
| Aug-16 | 109.4 | 106 | 112.9 |
| Sep-16 | 110.7 | 107.6 | 113.9 |
| Oct-16 | 111.2 | 107.9 | 114.7 |
| Nov-16 | 112.7 | 109.1 | 116.4 |
| Dec-16 | 112.2 | 108.4 | 116.2 |
| Jan-17 | 113 | 109 | 117.1 |
| Feb-17 | 113.3 | 109.3 | 117.5 |
| Mar-17 | 113.8 | 110 | 117.7 |
| Apr-17 | 114.2 | 109.2 | 119.5 |
| May-17 | 115.9 | 112 | 120 |
| June-17 | 117.5 | 114.1 | 120.9 |
| July-17 | 120.4 | 116.7 | 124.3 |
| Aug-17 | 122.2 | 118.4 | 126.2 |
| Sept-17 | 123.9 | 119.7 | 128.1 |
| Oct-17 | 124.3 | 120.3 | 128.4 |
| Nov-17 | 125.3 | 120.6 | 130.1 |
| Dec-17 | 125.9 | 121.1 | 130.8 |
| Jan-18 | 126.5 | 121.8 | 131.3 |
| Feb-18 | 127.4 | 122.9 | 132 |
| Mar-18 | 128.2 | 122.8 | 133.8 |
| Apr-18 | 129.5 | 123.3 | 136 |
| May-18 | 130.3 | 124.2 | 136.7 |
| June-18 | 131.6 | 124.4 | 139.3 |
| July-18 | 132.4 | 125.3 | 140 |
| Aug-18 | 133.1 | 126.3 | 140.4 |
| Sep-18 | 134.4 | 127.3 | 141.9 |
| Oct-18 | 134.7 | 127.7 | 142.1 |
| Nov-18 | 134.2 | 126.8 | 142.1 |
| Dec-18 | 133.8 | 125.8 | 142.4 |
| Jan-19 | 133.1 | 125.1 | 141.6 |
| Feb-19 | 132.9 | 124.7 | 141.6 |
| Mar-19 | 133 | 123.9 | 142.9 |
| Apr-19 | 133.3 | 123.9 | 143.4 |
| May-19 | 133.6 | 124.2 | 143.9 |
| June-19 | 134.2 | 124.5 | 144.8 |
| July-19 | 135.3 | 125.3 | 146.2 |
| Aug-19 | 135.7 | 125.8 | 146.5 |
| Sep-19 | 135.9 | 125.9 | 146.7 |
| Oct-19 | 136 | 125.9 | 147 |
| Nov-19 | 135.7 | 125.6 | 146.8 |
| Dec-19 | 134.2 | 123.6 | 145.9 |
| Jan-20 | 134.4 | 124.5 | 145.3 |
| Feb-20 | 134.2 | 124.6 | 144.8 |
| Mar-20 | 134.3 | 124.7 | 144.8 |
| Apr-20 | 134.2 | 124.2 | 145.1 |
| May-20 | 134.1 | 124.1 | 145 |
Residential property prices increased by 0.3% nationally in the year to May. This compares with an increase of 0.7% in the year to April and an increase of 2.6% in the twelve months to May 2019.
In Dublin, residential property prices showed no change in the year to May - house prices increased by 0.2% and apartments increased by 0.9%. The highest house price growth in Dublin was in Fingal at 2.2%, while South Dublin saw a decline of 1.3%.
Residential property prices in Ireland excluding Dublin were 0.7% higher in the year to May, with house prices up by 1.0% and apartments down by 1.5%. The region outside of Dublin that saw the largest rise in house prices was the South-West at 4.3% - at the other end of the scale, the South-East saw a 0.8% decline.
Overall Decline
Overall, the national index is 18.1% lower than its highest level in 2007. Dublin residential property prices are 22.4% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.1% lower than their May 2007 peak.
Recovery
Property prices nationally have increased by 82.7% from their trough in early 2013. Dublin residential property prices have risen 92.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.6% higher than at the trough, which was in May 2013.
| Price Index | annual percentage change |
|---|---|
| National - all residential properties | 0.3 |
| National - houses | 0.6 |
| National - apartments | 1 |
| Dublin - all residential properties | 0 |
| Dublin - houses | 0.2 |
| Dublin - apartments | 0.9 |
| Dublin City - houses | -1.1 |
| Dun Laoghaire-Rathdown - houses | -0.1 |
| Fingal - houses | 2.2 |
| South Dublin - houses | -1.3 |
| National excluding Dublin - all residential properties | 0.7 |
| National excluding Dublin - houses | 1 |
| National excluding Dublin - apartments | -1.5 |
| Border - houses | 1.1 |
| Midland - houses | -0.3 |
| West - houses | 3.6 |
| Mid-East - houses | 0 |
| Mid-West - houses | 1.3 |
| South-East - houses | -0.8 |
| South-West - houses | 4.3 |
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.
For further Information see tables on StatBank
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