CSO statistical publication, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (Jan 2005=100) | Monthly % change | Annual % change |
| December 2017 | 100.8 | 0.5 | 12.1 |
| January 2018 | 101.4 | 0.6 | 12.0 |
| February 2018 | 102.5 | 1.1 | 13.0 |
| 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 | 89.2 | 79.2 | 94.1 |
| Mar-10 | 88.1 | 77.5 | 93.6 |
| Apr-10 | 87.6 | 77.3 | 92.8 |
| May-10 | 86.1 | 76.5 | 90.7 |
| Jun-10 | 85.1 | 75.5 | 89.9 |
| Jul-10 | 84.2 | 75 | 88.8 |
| Aug-10 | 84 | 75.4 | 87.9 |
| Sep-10 | 83 | 75.2 | 86.2 |
| Oct-10 | 81.6 | 74 | 84.6 |
| Nov-10 | 79.9 | 72.5 | 82.9 |
| Dec-10 | 78.7 | 71.2 | 81.8 |
| Jan-11 | 78 | 70.5 | 81.3 |
| Feb-11 | 76.5 | 69 | 79.8 |
| Mar-11 | 74.7 | 67.1 | 78.1 |
| Apr-11 | 73.7 | 66.6 | 76.6 |
| May-11 | 72.4 | 65.5 | 75.2 |
| Jun-11 | 71.3 | 64.6 | 74.1 |
| Jul-11 | 69.8 | 63.6 | 72.2 |
| Aug-11 | 68 | 62.3 | 70 |
| Sep-11 | 66.6 | 60.6 | 68.9 |
| Oct-11 | 65.4 | 59.4 | 67.7 |
| Nov-11 | 64.3 | 58.1 | 66.9 |
| Dec-11 | 63.3 | 57 | 66.1 |
| Jan-12 | 62.3 | 56 | 65.1 |
| Feb-12 | 60.9 | 54.5 | 63.9 |
| Mar-12 | 61.2 | 54.9 | 64.1 |
| Apr-12 | 60.2 | 54.7 | 62.4 |
| May-12 | 60 | 54.7 | 62 |
| Jun-12 | 59.9 | 55 | 61.5 |
| Jul-12 | 60.5 | 56.1 | 61.5 |
| Aug-12 | 60.6 | 56.8 | 61 |
| Sep-12 | 61.1 | 57.5 | 61.2 |
| Oct-12 | 61.3 | 58 | 61.1 |
| Nov-12 | 61.1 | 58.4 | 60.3 |
| Dec-12 | 61.3 | 59.1 | 60 |
| Jan-13 | 60.2 | 58.6 | 58.3 |
| Feb-13 | 59.5 | 57.6 | 58.1 |
| Mar-13 | 58.7 | 57.2 | 56.8 |
| Apr-13 | 59 | 57.9 | 56.7 |
| May-13 | 59 | 58.3 | 56.2 |
| Jun-13 | 60.5 | 60.4 | 56.9 |
| Jul-13 | 62 | 62.6 | 57.4 |
| Aug-13 | 62.8 | 64.2 | 57.5 |
| Sep-13 | 63.8 | 65.3 | 58.3 |
| Oct-13 | 64.2 | 65.7 | 58.7 |
| Nov-13 | 64.5 | 66.5 | 58.4 |
| Dec-13 | 65.3 | 67.3 | 59.1 |
| Jan-14 | 65.4 | 67.6 | 58.9 |
| Feb-14 | 65.6 | 68 | 59.1 |
| Mar-14 | 66.1 | 69 | 58.9 |
| Apr-14 | 67.5 | 71 | 59.5 |
| May-14 | 69.3 | 73.6 | 60.5 |
| Jun-14 | 71.3 | 76.6 | 61.2 |
| Jul-14 | 73.5 | 79.7 | 62.3 |
| Aug-14 | 74.9 | 81.5 | 63.3 |
| Sep-14 | 76.5 | 83.5 | 64.4 |
| Oct-14 | 77.3 | 84 | 65.5 |
| Nov-14 | 77.6 | 83.8 | 66.3 |
| Dec-14 | 77 | 82.6 | 66.4 |
| Jan-15 | 77.3 | 83 | 66.6 |
| Feb-15 | 77 | 82.6 | 66.5 |
| Mar-15 | 77.3 | 82.5 | 67 |
| Apr-15 | 77.9 | 82.6 | 68.1 |
| May-15 | 78.8 | 83.2 | 69.2 |
| Jun-15 | 80.1 | 84.3 | 70.5 |
| Jul-15 | 80.7 | 84.7 | 71.2 |
| Aug-15 | 81.7 | 85.6 | 72.2 |
| Sep-15 | 82 | 85.5 | 72.8 |
| Oct-15 | 82.9 | 86.6 | 73.5 |
| Nov-15 | 82.6 | 86.2 | 73.4 |
| Dec-15 | 82.5 | 85.8 | 73.5 |
| Jan-16 | 83.2 | 87 | 73.8 |
| Feb-16 | 82.7 | 86.4 | 73.5 |
| Mar-16 | 83 | 86.6 | 73.8 |
| Apr-16 | 83.5 | 87.1 | 74.2 |
| May-16 | 83.7 | 86.8 | 74.7 |
| Jun-16 | 84.5 | 87 | 76.1 |
| Jul-16 | 86.4 | 88.1 | 78.5 |
| Aug-16 | 87.6 | 89.4 | 79.5 |
| Sep-16 | 88.6 | 90.8 | 80.1 |
| Oct-16 | 89.1 | 91 | 80.7 |
| Nov-16 | 90.2 | 92.1 | 81.9 |
| Dec-16 | 89.9 | 91.5 | 81.7 |
| Jan-17 | 90.5 | 92 | 82.4 |
| Feb-17 | 90.7 | 92.2 | 82.7 |
| Mar-17 | 91.1 | 92.8 | 82.8 |
| Apr-17 | 91.4 | 92.1 | 84.1 |
| May-17 | 92.8 | 94.5 | 84.4 |
| June-17 | 94.1 | 96.3 | 85.1 |
| July-17 | 96.4 | 98.5 | 87.4 |
| Aug-17 | 97.9 | 99.9 | 88.8 |
| Sept-17 | 99.2 | 101 | 90.2 |
| Oct-17 | 99.5 | 101.5 | 90.4 |
| Nov-17 | 100.3 | 101.8 | 91.6 |
| Dec-17 | 100.8 | 102.2 | 92.1 |
| Jan-18 | 101.4 | 102.9 | 92.6 |
| Feb-18 | 102.5 | 103.9 | 93.7 |
In the year to February, residential property prices at national level increased by 13.0%. This compares with an increase of 12.0% in the year to January and an increase of 9.7% in the twelve months to February 2017.
In Dublin, residential property prices increased by 12.7% in the year to February. Dublin house prices increased 12.3%. Apartments in Dublin increased 14.5% in the same period. The highest house price growth was in Dublin City, at 14.2%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, where house prices increased 9.6%.
Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.3% higher in the year to February. House prices in the Rest of Ireland increased 13.1% over the period. The Midland region showed the greatest price growth, with house prices increasing 14.8%. The South-East region showed the least price growth, with house prices increasing 8.6%. Apartment prices in the Rest of Ireland increased 14.6% in the same period.
Overall Decline
Overall, the national index is 21.8% lower than its highest level in 2007. Dublin residential property prices are 23.0% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 27.5% lower than their May 2007 peak.
Recovery
From the trough in early 2013, prices nationally have increased by 74.6%. Dublin residential property prices have increased 90.6% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 66.7% higher than the trough, which was in May 2013.
| Price Index | annual percentage change |
|---|---|
| National - all residential properties | 13 |
| National - houses | 12.7 |
| National - apartments | 15 |
| Dublin - all residential properties | 12.7 |
| Dublin - houses | 12.3 |
| Dublin - apartments | 14.5 |
| Dublin City - houses | 14.2 |
| Dun Laoghaire-Rathdown - houses | 9.6 |
| Fingal - houses | 13.6 |
| South Dublin - houses | 11.3 |
| National excluding Dublin - all residential properties | 13.3 |
| National excluding Dublin - houses | 13.1 |
| National excluding Dublin - apartments | 14.6 |
| Border excluding Louth - houses | 12.7 |
| Midland - houses | 14.8 |
| West - houses | 14.6 |
| Mid-East including Louth - houses | 10.8 |
| Mid-West including South Tipperary - houses | 14 |
| South-East excluding South Tipperary - houses | 8.6 |
| South-West - houses | 14.2 |
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.
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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