CSO statistical publication, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (2015=100) | Monthly % change | Annual % change |
| August 2020 | 134.5 | 0.0 | -0.9 |
| September 2020 | 134.8 | 0.2 | -0.8 |
| October 2020 | 135.4 | 0.4 | -0.5 |
| November 2020 | 136.0 | 0.4 | 0.2 |
| The latest three month's RPPI results are provisional and subject to revision. | |||
Residential property prices (houses and apartments) increased by 0.2% nationally in the year to November. This compares to a decrease of 0.5% in the year to October and an increase of 1.1% in the twelve months to November 2019.
In Dublin, residential property prices saw a decline of 0.9% in the year to November, while property prices outside Dublin were 1.2% higher. See Figure 1.1.
| Month | National | Dublin | Rest of Ireland |
|---|---|---|---|
| Jan-16 | 7.7 | 4.8 | 10.9 |
| Feb-16 | 7.4 | 4.6 | 10.5 |
| Mar-16 | 7.4 | 4.9 | 10.1 |
| Apr-16 | 7.2 | 5.4 | 9 |
| May-16 | 6.1 | 4.4 | 8 |
| Jun-16 | 5.6 | 3.2 | 8 |
| Jul-16 | 7 | 3.9 | 10.2 |
| Aug-16 | 7.3 | 4.5 | 10 |
| Sep-16 | 8.1 | 6.2 | 10.1 |
| Oct-16 | 7.4 | 5.1 | 9.8 |
| Nov-16 | 9.2 | 6.8 | 11.7 |
| Dec-16 | 9 | 6.7 | 11.2 |
| Jan-17 | 8.7 | 5.8 | 11.6 |
| Feb-17 | 9.6 | 6.8 | 12.4 |
| Mar-17 | 9.8 | 7.2 | 12.2 |
| Apr-17 | 9.5 | 5.8 | 13.3 |
| May-17 | 10.9 | 8.8 | 13 |
| June-17 | 11.3 | 10.6 | 11.8 |
| July-17 | 11.6 | 11.8 | 11.4 |
| Aug-17 | 11.7 | 11.7 | 11.7 |
| Sept-17 | 11.9 | 11.2 | 12.5 |
| Oct-17 | 11.8 | 11.5 | 11.9 |
| Nov-17 | 11.1 | 10.5 | 11.8 |
| Dec-17 | 12.1 | 11.7 | 12.6 |
| Jan-18 | 11.9 | 11.7 | 12.1 |
| Feb-18 | 12.5 | 12.5 | 12.4 |
| Mar-18 | 12.6 | 11.7 | 13.7 |
| Apr-18 | 13.4 | 13 | 13.8 |
| May-18 | 12.4 | 11 | 13.9 |
| June-18 | 12 | 9 | 15.2 |
| July-18 | 9.9 | 7.4 | 12.7 |
| Aug-18 | 8.9 | 6.6 | 11.3 |
| Sep-18 | 8.5 | 6.4 | 10.7 |
| Oct-18 | 8.3 | 6.1 | 10.7 |
| Nov-18 | 7.1 | 5.1 | 9.2 |
| Dec-18 | 6.3 | 3.9 | 8.9 |
| Jan-19 | 5.2 | 2.7 | 7.9 |
| Feb-19 | 4.3 | 1.4 | 7.3 |
| Mar-19 | 3.8 | 0.9 | 6.8 |
| Apr-19 | 2.9 | 0.5 | 5.4 |
| May-19 | 2.6 | -0.1 | 5.3 |
| June-19 | 2 | 0.1 | 4 |
| July-19 | 2.2 | 0 | 4.4 |
| Aug-19 | 1.9 | -0.4 | 4.3 |
| Sep-19 | 1.1 | -1.1 | 3.4 |
| Oct-19 | 1 | -1.4 | 3.5 |
| Nov-19 | 1.1 | -1 | 3.3 |
| Dec-19 | 0.3 | -1.7 | 2.4 |
| Jan-20 | 1 | -0.5 | 2.6 |
| Feb-20 | 1 | -0.1 | 2.2 |
| Mar-20 | 0.9 | 0.6 | 1.3 |
| Apr-20 | 0.7 | 0.2 | 1.2 |
| May-20 | 0.3 | -0.2 | 0.9 |
| June-20 | 0 | -0.6 | 0.6 |
| July-20 | -0.7 | -1.4 | 0.1 |
| Aug-20 | -0.9 | -1.8 | -0.1 |
| Sep-20 | -0.8 | -1.8 | 0.2 |
| Oct-20 | -0.5 | -1.3 | 0.3 |
| Nov-20 | 0.2 | -0.9 | 1.2 |
In Dublin, house prices decreased by 1.1% and apartment prices increased by 0.9%. The highest house price growth in Dublin was in South Dublin at 2.7%, while Dublin City saw a decline of 2.7%.
Outside Dublin, house prices were up by 1.1% and apartment prices up by 1.9%. The region outside of Dublin that saw the largest rise in house prices was the South East at 3% - at the other end of the scale, the Mid-West saw a 4.3% decline. See Figure 1.2.
| Price Index | Annual percentage change |
|---|---|
| National - all residential properties | 0.2 |
| National - houses | 0.1 |
| National - apartments | 2 |
| Dublin - all residential properties | -0.9 |
| Dublin - houses | -1.1 |
| Dublin - apartments | 0.9 |
| Dublin City - houses | -2.7 |
| Dun Laoghaire-Rathdown - houses | -1.6 |
| Fingal - houses | 0.7 |
| South Dublin - houses | 2.7 |
| National excluding Dublin - all residential properties | 1.2 |
| National excluding Dublin - houses | 1.1 |
| National excluding Dublin - apartments | 1.9 |
| Border - houses | -1.9 |
| Midland - houses | 1.4 |
| West - houses | 2 |
| Mid-East - houses | 2.9 |
| Mid-West - houses | -4.3 |
| South-East - houses | 3 |
| South-West - houses | 2.1 |
Overall Decline
Overall, the national index is 16.9% lower than its highest level in 2007. Dublin residential property prices are 22.2% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 19.2% 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 92.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 86.0% higher than at the trough, which was in May 2013. See Figure 1.3.
| 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 | 144.7 |
| Apr-20 | 134.2 | 124.2 | 145.1 |
| May-20 | 134.1 | 123.9 | 145.2 |
| June-20 | 134.2 | 123.7 | 145.7 |
| July-20 | 134.4 | 123.5 | 146.3 |
| Aug-20 | 134.5 | 123.6 | 146.4 |
| Sep-20 | 134.8 | 123.7 | 146.9 |
| Oct-20 | 135.4 | 124.3 | 147.5 |
| Nov-20 | 136 | 124.5 | 148.5 |
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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