CSO statistical release, , 11am
| Table 1: Residential Property Price Index | |||
| Month | Price Index (Jan 2005=100) | Monthly % change | Annual % change |
| October 2016 | 88.3 | 0.5 | 6.8 |
| November 2016 | 89.4 | 1.2 | 8.2 |
| December 2016 | 89.0 | -0.4 | 8.1 |
| 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 | 79.1 | 93.7 |
| Mar-10 | 87.5 | 77 | 92.8 |
| Apr-10 | 87 | 76.3 | 92.5 |
| May-10 | 85.4 | 75.8 | 90.1 |
| Jun-10 | 85 | 75.1 | 90 |
| Jul-10 | 84.8 | 74.7 | 90 |
| Aug-10 | 84.3 | 75.1 | 88.8 |
| Sep-10 | 83.3 | 75.4 | 86.6 |
| Oct-10 | 81.7 | 74.3 | 84.7 |
| Nov-10 | 80 | 72.8 | 83 |
| Dec-10 | 78.6 | 71.2 | 81.8 |
| Jan-11 | 78.2 | 70.1 | 81.9 |
| Feb-11 | 76.8 | 68.8 | 80.5 |
| Mar-11 | 74.8 | 67.2 | 78.2 |
| Apr-11 | 73.8 | 66.8 | 76.8 |
| May-11 | 72.7 | 65.8 | 75.6 |
| Jun-11 | 71.5 | 65.5 | 73.7 |
| Jul-11 | 70.7 | 64.8 | 72.7 |
| Aug-11 | 69.4 | 63.6 | 71.5 |
| Sep-11 | 67.9 | 61.8 | 70.4 |
| Oct-11 | 67 | 60.7 | 69.6 |
| Nov-11 | 65.6 | 59.3 | 68.4 |
| Dec-11 | 64.1 | 58.1 | 66.5 |
| Jan-12 | 62.6 | 56.9 | 64.8 |
| Feb-12 | 61.2 | 55.3 | 63.5 |
| Mar-12 | 61.6 | 55.6 | 63.9 |
| Apr-12 | 60.5 | 55.2 | 62.2 |
| May-12 | 60.5 | 55.2 | 62.2 |
| Jun-12 | 60.5 | 55.5 | 61.9 |
| Jul-12 | 61 | 56.8 | 61.7 |
| Aug-12 | 60.9 | 57.4 | 61 |
| Sep-12 | 61.4 | 58 | 61.2 |
| Oct-12 | 61.4 | 58.5 | 60.9 |
| Nov-12 | 61.3 | 58.7 | 60.4 |
| Dec-12 | 61.7 | 59.4 | 60.4 |
| Jan-13 | 60.8 | 58.8 | 59.3 |
| Feb-13 | 60.2 | 58 | 59 |
| Mar-13 | 59.7 | 58.2 | 57.6 |
| Apr-13 | 59.8 | 58.9 | 56.9 |
| May-13 | 59.8 | 59.5 | 56.2 |
| Jun-13 | 61.5 | 61.8 | 57.1 |
| Jul-13 | 63.3 | 64.3 | 57.7 |
| Aug-13 | 64.4 | 65.9 | 58 |
| Sep-13 | 65.5 | 67 | 59.1 |
| Oct-13 | 65.8 | 67.4 | 59.2 |
| Nov-13 | 66.2 | 68 | 59 |
| Dec-13 | 67.2 | 69 | 59.9 |
| Jan-14 | 66.9 | 69 | 59.5 |
| Feb-14 | 66.8 | 69 | 59.3 |
| Mar-14 | 67.3 | 69.9 | 59.2 |
| Apr-14 | 68.7 | 71.7 | 60.1 |
| May-14 | 70.5 | 73.8 | 61.1 |
| Jun-14 | 73 | 77.2 | 61.9 |
| Jul-14 | 75.5 | 80.5 | 63 |
| Aug-14 | 76.9 | 81.7 | 64.4 |
| Sep-14 | 78.4 | 83.4 | 65.6 |
| Oct-14 | 79.2 | 83.8 | 67 |
| Nov-14 | 79.3 | 83.6 | 67.5 |
| Dec-14 | 78.7 | 82.6 | 67.7 |
| Jan-15 | 78.4 | 82.8 | 67.8 |
| Feb-15 | 77.8 | 82.6 | 67.2 |
| Mar-15 | 77.6 | 82.6 | 67.3 |
| Apr-15 | 77.7 | 82.5 | 67.8 |
| May-15 | 78.4 | 82.8 | 69 |
| Jun-15 | 79.5 | 83.8 | 70 |
| Jul-15 | 80.1 | 84.1 | 70.9 |
| Aug-15 | 81.1 | 85 | 71.9 |
| Sep-15 | 81.7 | 85.2 | 72.8 |
| Oct-15 | 82.7 | 86.2 | 73.8 |
| Nov-15 | 82.6 | 86.4 | 73.5 |
| Dec-15 | 82.3 | 85.8 | 73.6 |
| Jan-16 | 82.8 | 86.6 | 73.7 |
| Feb-16 | 82 | 85.6 | 73.4 |
| Mar-16 | 81.9 | 85.5 | 73.5 |
| Apr-16 | 82.2 | 85.8 | 73.8 |
| May-16 | 82.6 | 85.6 | 74.8 |
| Jun-16 | 83.4 | 86 | 76.1 |
| Jul-16 | 85.4 | 87.5 | 78.6 |
| Aug-16 | 86.6 | 88.8 | 79.5 |
| Sep-16 | 87.9 | 90.3 | 80.6 |
| Oct-16 | 88.3 | 90.6 | 81.1 |
| Nov-16 | 89.4 | 91.5 | 82.2 |
| Dec-16 | 89 | 90.7 | 82.4 |
In the year to December, residential property prices at national level increased by 8.1%. This compares with an increase of 8.2% in the year to November and an increase of 4.6% in the twelve months to December 2015.
In Dublin, residential property prices increased by 5.7% in the year to December. Dublin house prices increased 5.8%. Whereas apartments increased 7.9% in the same period. The highest house price growth was in South Dublin, at 9.7%. In contrast, the lowest growth was in Fingal, with house prices rising just 3.2%.
Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 12.0% higher in the year to December. House prices in the Rest of Ireland increased 12.1% over the period. The West region showed the greatest price growth, with house prices increasing 17.8%. Conversely, the Mid-East region showed the least price growth, with house prices increasing 7.6%. Apartment prices in the Rest of Ireland increased 9.5% in the same period.
Overall Decline
Overall, the national index is 32.1% lower than its highest level in 2007. Dublin residential property prices are 32.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 36.3% lower than their May 2007 peak.
Recovery
From the trough in early 2013, prices nationally have increased by 49.1%. In the same period, Dublin residential property prices have increased 64.3% whilst residential property prices in the Rest of Ireland are 46.6% higher.
| Table 2: Residential Property Price Index Breakdown (Base Jan 2005=100) | ||||||
| Price Index | October 2016 | November 2016 | December 2016 | 1 month % change | 3 month % change | Annual % change |
| National - all residential properties | 88.3 | 89.4 | 89.0 | -0.4 | 1.3 | 8.1 |
| National - houses | 92.1 | 93.2 | 93.0 | -0.2 | 1.4 | 8.3 |
| National - apartments | 73.4 | 74.4 | 73.7 | -0.9 | 1.0 | 8.5 |
| Dublin - all residential properties | 90.6 | 91.5 | 90.7 | -0.9 | 0.4 | 5.7 |
| Dublin - houses | 96.6 | 97.5 | 96.9 | -0.6 | 0.6 | 5.8 |
| Dublin - apartments | 79.3 | 80.5 | 78.8 | -2.1 | -0.4 | 7.9 |
| Dublin City - houses | 100.2 | 101.4 | 100.7 | -0.7 | 1.2 | 6.6 |
| Dún Laoghaire-Rathdown - houses | 95.9 | 97.2 | 98.0 | 0.8 | 3.5 | 5.8 |
| Fingal - houses | 86.2 | 86.9 | 86.3 | -0.7 | 0.3 | 3.2 |
| South Dublin - houses | 94.2 | 95.3 | 97.3 | 2.1 | 3.6 | 9.7 |
| National excluding Dublin - all residential properties | 81.1 | 82.2 | 82.4 | 0.2 | 2.2 | 12.0 |
| National excluding Dublin - houses | 83.6 | 84.8 | 85.0 | 0.2 | 2.3 | 12.1 |
| National excluding Dublin - apartments | 55.1 | 55.9 | 56.4 | 0.9 | 2.7 | 9.5 |
| Border excluding Louth - houses | 66.6 | 68.0 | 68.5 | 0.7 | 3.6 | 8.9 |
| Midland - houses | 81.3 | 81.5 | 82.8 | 1.6 | 3.4 | 12.0 |
| West - houses | 77.6 | 79.6 | 82.2 | 3.3 | 7.7 | 17.8 |
| Mid-East including Louth - houses | 89.0 | 89.8 | 90.4 | 0.7 | 3.4 | 7.6 |
| Mid-West including South Tipperary - houses | 80.1 | 82.4 | 82.0 | -0.5 | 2.4 | 10.8 |
| South-East excluding South Tipperary - houses | 74.7 | 75.3 | 76.4 | 1.5 | 4.8 | 15.4 |
| South-West - houses | 93.5 | 95.4 | 95.4 | 0.0 | 2.4 | 13.3 |
| The latest two month's RPPI results are provisional and subject to revision. | ||||||
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
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.