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Residential Property Price Index October 2020

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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
July 2020134.40.2-0.7
August 2020134.50.0-0.9
September 2020134.70.2-0.8
October 2020135.50.5-0.4
The latest three month's RPPI results are provisional and subject to revision.

 

Residential property prices (houses and apartments) decreased by 0.4% nationally in the year to October. This compares to a decrease of 0.8% in the year to September and an increase of 1% in the twelve months to October 2019.

In Dublin, residential property prices saw a decline of 1.2% in the year to October, while property prices outside Dublin were 0.4% 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-20-0.7-1.50.1
Aug-20-0.9-1.8-0.1
Sep-20-0.8-1.80.1
Oct-20-0.4-1.20.4

In Dublin, house prices decreased by 1.5% and apartment prices increased by 1%. The highest house price growth in Dublin was in Fingal at 2.5%, while Dublin City saw a decline of 4.4%.

Outside Dublin, house prices were up by 0.5% and apartment prices up by 0.6%. The region outside of Dublin that saw the largest rise in house prices was the South West at 3.3% - at the other end of the scale, the Mid-West saw a 4% decline. See Figure 1.2.

Price IndexAnnual percentage change
National - all residential properties-0.4
National - houses-0.4
National - apartments2.1
Dublin - all residential properties-1.2
Dublin - houses-1.5
Dublin - apartments1
Dublin City - houses-4.4
Dun Laoghaire-Rathdown - houses-1.2
Fingal - houses2.5
South Dublin - houses1.5
National excluding Dublin - all residential properties0.4
National excluding Dublin - houses0.5
National excluding Dublin - apartments0.6
Border - houses-3.1
Midland - houses1.7
West - houses2.7
Mid-East - houses1.3
Mid-West - houses-4
South-East - houses1.3
South-West - houses3.3
Show Table: Residential Property Price Index Breakdown (Base 2015=100)

Overall Decline

Overall, the national index is 17.2% lower than its highest level in 2007. Dublin residential property prices are 22.3% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 19.6% lower than their May 2007 peak.

Recovery

Property prices nationally have increased by 84.6% from their trough in early 2013. Dublin residential property prices have risen 92.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 84.9% 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-20134.7123.7146.9
Oct-20135.5124.3147.7

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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