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Residential Property Price Index October 2019

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CSO statistical publication, , 11am

On-line ISSN: 2009-5236

Residential property prices rise by 0.9% in the year to October

Table 1.1: Residential Property Price Index
MonthPrice Index (Jan 2005=100)Monthly % change Annual % change
August 2019108.60.31.9
September 2019108.70.11.0
October 2019108.80.10.9
The latest two month's RPPI results are provisional and subject to revision.
MonthNationalDublinRest of Ireland
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-19107104.8101.3
June-19107.4105101.9
July-19108.3105.8102.9
Aug-19108.6106.2103.1
Sep-19108.7106.2103.2
Oct-19108.8106.2103.3

Residential property prices increased by 0.9% nationally in the year to October. This compares with an increase of 1.0% in the year to September and an increase of 8.3% in the twelve months to October 2018.

In Dublin, residential property prices decreased by 1.5% in the year to October; house prices decreased by 1.9% and apartments increased by 0.1%. The highest house price growth in Dublin was in Fingal at 0.9%, while Dun Laoghaire-Rathdown saw a decline of 7.1%.

Residential property prices in Ireland excluding Dublin were 3.3% higher in the year to October, with house prices up by 3.3% and apartments by 4.0%. The region outside of Dublin that saw the largest rise in house prices was the Border at 10.1%; at the other end of the scale, the Mid-East saw no change.

Overall Decline

Overall, the national index is 16.9% lower than its highest level in 2007. Dublin residential property prices are 21.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.1% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 85.3% from their trough in early 2013. Dublin residential property prices have risen 94.9% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 83.8% higher than at the trough, which was in May 2013.

Price Indexannual percentage change
National - all residential properties0.9
National - houses0.8
National - apartments0.6
Dublin - all residential properties-1.5
Dublin - houses-1.9
Dublin - apartments0.1
Dublin City - houses-0.9
Dun Laoghaire-Rathdown - houses-7.1
Fingal - houses0.9
South Dublin - houses-1.1
National excluding Dublin - all residential properties3.3
National excluding Dublin - houses3.3
National excluding Dublin - apartments4
Border - houses10.1
Midland - houses3.6
West - houses4.9
Mid-East - houses0
Mid-West - houses4.1
South-East - houses3.3
South-West - houses2.8

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.

Go to next chapter >>>Additional Indicators

The StatBank Tables are available here