3.1 Dublin price index
| Table 3.1 - Dublin Residential Property Price Index July 2016 | |||
| Month | Price Index (Jan 2005=100) | Monthly % Change | Annual % Change |
| May 2016 | 85.6 | -0.2 | 3.4 |
| June 2016p | 85.9 | 0.4 | 2.5 |
| July 2016p | 87.3 | 1.6 | 3.8 |
| p: Provisional estimates | |||
In the Dublin residential property market, prices increased by 3.8% in the 12 months to July 2016. This compares with an increase of 2.5% in the year to June and an increase of 4.5% in the year to July 2015.
Dublin residential property prices increased by 1.6% in the month of July. This compares with an increase of 0.4% in June and an increase of 0.4% in July of last year.
Dublin residential prices are now 58.2% higher than their lowest level (April/May 2012) but remain 35.3% below their peak price level in 2006.
Compared to property prices nationally, which fell 54.4% from peak to trough, Dublin prices fell further, falling 59.1% from high point to low point. However, Dublin prices began to recover sooner and have recovered further than national prices. Currently Dublin prices are just 12.7% less than their base value (January 2005), compared to 14.5% nationally (see Figure 3.1).
| Month | National | Dublin |
|---|---|---|
| Jan-05 | 100 | 100 |
| Feb-05 | 100.8 | 102.1 |
| Mar-05 | 101.4 | 102.9 |
| Apr-05 | 102.1 | 103.6 |
| May-05 | 102.8 | 104.4 |
| Jun-05 | 103.7 | 104.5 |
| Jul-05 | 105.3 | 105.7 |
| Aug-05 | 107.1 | 107.8 |
| Sep-05 | 108.2 | 109.7 |
| Oct-05 | 110.6 | 112.8 |
| Nov-05 | 111.5 | 114.3 |
| Dec-05 | 112.6 | 114.9 |
| Jan-06 | 113.2 | 115.4 |
| Feb-06 | 113.5 | 116.4 |
| Mar-06 | 114.1 | 117.1 |
| Apr-06 | 115.8 | 119.2 |
| May-06 | 118.2 | 122.3 |
| Jun-06 | 120.3 | 125.5 |
| Jul-06 | 123 | 129.5 |
| Aug-06 | 125.8 | 133.3 |
| Sep-06 | 126.8 | 133.5 |
| Oct-06 | 127.6 | 134.4 |
| Nov-06 | 127.6 | 133.9 |
| Dec-06 | 128.6 | 134.1 |
| Jan-07 | 129.7 | 134.3 |
| Feb-07 | 130.3 | 135 |
| Mar-07 | 130.5 | 133.7 |
| Apr-07 | 131 | 134 |
| May-07 | 130.6 | 132.7 |
| Jun-07 | 130.3 | 133 |
| Jul-07 | 130.6 | 133.7 |
| Aug-07 | 130.4 | 133 |
| Sep-07 | 130.4 | 133.3 |
| Oct-07 | 130 | 133.3 |
| Nov-07 | 130 | 132.2 |
| Dec-07 | 129.2 | 130.5 |
| Jan-08 | 128.1 | 127.5 |
| Feb-08 | 127 | 126.8 |
| Mar-08 | 125.9 | 126.1 |
| Apr-08 | 124.8 | 126.1 |
| May-08 | 123.5 | 126.2 |
| Jun-08 | 122.3 | 124.9 |
| Jul-08 | 121.6 | 123.4 |
| Aug-08 | 120.3 | 121.7 |
| Sep-08 | 118.8 | 117.5 |
| Oct-08 | 116.2 | 113.4 |
| Nov-08 | 114.1 | 110.2 |
| Dec-08 | 111.9 | 108 |
| Jan-09 | 109 | 105 |
| Feb-09 | 106 | 100.3 |
| Mar-09 | 103.2 | 96.6 |
| Apr-09 | 100.9 | 92.9 |
| May-09 | 98.5 | 90.9 |
| Jun-09 | 96.9 | 89.8 |
| Jul-09 | 95.5 | 88.9 |
| Aug-09 | 94.3 | 89 |
| Sep-09 | 94.2 | 88.6 |
| Oct-09 | 93.1 | 86.6 |
| Nov-09 | 92.8 | 85 |
| Dec-09 | 91.5 | 83.2 |
| Jan-10 | 90.6 | 81.1 |
| Feb-10 | 89 | 79.1 |
| Mar-10 | 87.5 | 77 |
| Apr-10 | 87 | 76.3 |
| May-10 | 85.4 | 75.8 |
| Jun-10 | 85 | 75.1 |
| Jul-10 | 84.8 | 74.7 |
| Aug-10 | 84.3 | 75.1 |
| Sep-10 | 83.3 | 75.4 |
| Oct-10 | 81.7 | 74.3 |
| Nov-10 | 80 | 72.8 |
| Dec-10 | 78.6 | 71.2 |
| Jan-11 | 78.2 | 70.1 |
| Feb-11 | 76.8 | 68.8 |
| Mar-11 | 74.8 | 67.2 |
| Apr-11 | 73.8 | 66.8 |
| May-11 | 72.7 | 65.8 |
| Jun-11 | 71.5 | 65.5 |
| Jul-11 | 70.7 | 64.8 |
| Aug-11 | 69.4 | 63.6 |
| Sep-11 | 67.9 | 61.8 |
| Oct-11 | 67 | 60.7 |
| Nov-11 | 65.6 | 59.3 |
| Dec-11 | 64.1 | 58.1 |
| Jan-12 | 62.6 | 56.9 |
| Feb-12 | 61.2 | 55.3 |
| Mar-12 | 61.6 | 55.6 |
| Apr-12 | 60.5 | 55.2 |
| May-12 | 60.5 | 55.2 |
| Jun-12 | 60.5 | 55.5 |
| Jul-12 | 61 | 56.8 |
| Aug-12 | 60.9 | 57.4 |
| Sep-12 | 61.4 | 58 |
| Oct-12 | 61.4 | 58.5 |
| Nov-12 | 61.3 | 58.7 |
| Dec-12 | 61.7 | 59.4 |
| Jan-13 | 60.8 | 58.8 |
| Feb-13 | 60.2 | 58 |
| Mar-13 | 59.7 | 58.2 |
| Apr-13 | 59.8 | 58.9 |
| May-13 | 59.8 | 59.5 |
| Jun-13 | 61.5 | 61.8 |
| Jul-13 | 63.3 | 64.3 |
| Aug-13 | 64.5 | 65.9 |
| Sep-13 | 65.5 | 67 |
| Oct-13 | 65.8 | 67.4 |
| Nov-13 | 66.2 | 68 |
| Dec-13 | 67.2 | 69 |
| Jan-14 | 66.9 | 69 |
| Feb-14 | 66.8 | 69 |
| Mar-14 | 67.3 | 69.9 |
| Apr-14 | 68.7 | 71.7 |
| May-14 | 70.5 | 73.8 |
| Jun-14 | 73 | 77.2 |
| Jul-14 | 75.5 | 80.5 |
| Aug-14 | 76.9 | 81.7 |
| Sep-14 | 78.4 | 83.4 |
| Oct-14 | 79.2 | 83.8 |
| Nov-14 | 79.3 | 83.6 |
| Dec-14 | 78.7 | 82.6 |
| Jan-15 | 78.4 | 82.8 |
| Feb-15 | 77.8 | 82.6 |
| Mar-15 | 77.6 | 82.6 |
| Apr-15 | 77.7 | 82.5 |
| May-15 | 78.4 | 82.8 |
| Jun-15 | 79.5 | 83.8 |
| Jul-15 | 80.1 | 84.1 |
| Aug-15 | 81.1 | 85 |
| Sep-15 | 81.7 | 85.2 |
| Oct-15 | 82.7 | 86.2 |
| Nov-15 | 82.6 | 86.4 |
| Dec-15 | 82.3 | 85.8 |
| Jan-16 | 82.8 | 86.6 |
| Feb-16 | 82 | 85.6 |
| Mar-16 | 81.9 | 85.5 |
| Apr-16 | 82.2 | 85.8 |
| May-16 | 82.6 | 85.6 |
| Jun-16 | 83.4 | 85.9 |
| Jul-16 | 85.5 | 87.3 |
3.2 Dublin house price trends
Dublin house prices increased 3.9% in the 12 months to July 2016. This compares with an increase of 1.9% in the year to June and an increase of 3.7% in the year to July 2015.
Dublin house prices are 60.4% higher than their trough in February 2012. However, Dublin house prices are 32.8% lower than their peak in April 2007.
The recovery in Dublin house prices was initially led by price increases in Dún Laoghaire-Rathdown in 2012 and 2013. However, since late 2014 onwards, Dublin City has led the growth in house prices. In contrast, house prices in the Fingal area have been slowest to recover (see figure 3.2).
| X-axis label | Dublin All Houses | Dublin City Houses | Dun Laoghaire-Rathdown | Fingal Houses | South Dublin |
|---|---|---|---|---|---|
| Jan-10 | 85 | 85 | 85 | 85 | 85 |
| Feb-10 | 82.7 | 82 | 82.9 | 82.8 | 84.1 |
| Mar-10 | 80.3 | 79.5 | 81 | 79.8 | 82.6 |
| Apr-10 | 79.6 | 78.6 | 79.4 | 77.9 | 81.2 |
| May-10 | 79.2 | 76.7 | 79 | 76.5 | 81.1 |
| Jun-10 | 78.8 | 75.7 | 78.6 | 74.8 | 80.8 |
| Jul-10 | 78.5 | 75.1 | 78.2 | 73.7 | 80.6 |
| Aug-10 | 78.9 | 74.9 | 78.7 | 73.4 | 80.7 |
| Sep-10 | 79.4 | 75.4 | 80 | 72.9 | 80.3 |
| Oct-10 | 78.3 | 74.6 | 79.4 | 73.9 | 79.4 |
| Nov-10 | 76.7 | 74.2 | 78 | 73.4 | 79 |
| Dec-10 | 75 | 73.7 | 76.4 | 72.5 | 78.1 |
| Jan-11 | 73.6 | 73.8 | 73.7 | 73.2 | 76.2 |
| Feb-11 | 72.2 | 72 | 71.8 | 73.3 | 75.9 |
| Mar-11 | 70.5 | 70.5 | 69.8 | 72 | 75.4 |
| Apr-11 | 70 | 69.4 | 69.2 | 71.2 | 74.2 |
| May-11 | 69.1 | 68.2 | 68.8 | 69.6 | 72.5 |
| Jun-11 | 68.8 | 67.5 | 68.2 | 69.1 | 71.2 |
| Jul-11 | 68.1 | 66.3 | 67.2 | 68.2 | 70.8 |
| Aug-11 | 66.6 | 65.4 | 65.7 | 66.5 | 69.6 |
| Sep-11 | 64.8 | 64.2 | 64.2 | 64.4 | 68.3 |
| Oct-11 | 63.7 | 62.7 | 62.6 | 64.3 | 67.1 |
| Nov-11 | 62.1 | 61.1 | 61.5 | 62.4 | 66 |
| Dec-11 | 60.9 | 60.3 | 59.9 | 60.4 | 64.8 |
| Jan-12 | 59.6 | 58.3 | 59.8 | 59.5 | 62.5 |
| Feb-12 | 57.9 | 56.3 | 59.2 | 57.7 | 60.6 |
| Mar-12 | 58.4 | 55.4 | 59.4 | 58 | 59.7 |
| Apr-12 | 58 | 55.2 | 58.1 | 57.6 | 59.1 |
| May-12 | 58 | 55.3 | 57.7 | 56.6 | 58.7 |
| Jun-12 | 58.4 | 55.4 | 57.7 | 57 | 59.2 |
| Jul-12 | 59.8 | 56.2 | 58.9 | 57.9 | 59.7 |
| Aug-12 | 60.5 | 56.8 | 60.3 | 58.2 | 59.5 |
| Sep-12 | 61.2 | 58.1 | 61.1 | 58.8 | 59.5 |
| Oct-12 | 61.6 | 58.4 | 62.8 | 59.2 | 60.3 |
| Nov-12 | 61.8 | 59.1 | 63.7 | 59.5 | 61.1 |
| Dec-12 | 62.6 | 60.5 | 64.7 | 59.6 | 61.9 |
| Jan-13 | 61.9 | 60 | 65.7 | 59.4 | 61.4 |
| Feb-13 | 61.1 | 59.6 | 65.6 | 59.4 | 61.8 |
| Mar-13 | 61.3 | 60.1 | 66 | 59 | 61.5 |
| Apr-13 | 62.3 | 60 | 66.9 | 60.5 | 61.7 |
| May-13 | 62.9 | 60.3 | 66.8 | 60.9 | 63.4 |
| Jun-13 | 65.4 | 61.7 | 69.2 | 61.6 | 64.2 |
| Jul-13 | 68.2 | 63.7 | 72 | 62.7 | 65.1 |
| Aug-13 | 70 | 65.6 | 73.6 | 64.2 | 66.4 |
| Sep-13 | 71.2 | 67.6 | 74.9 | 65.7 | 67.3 |
| Oct-13 | 71.5 | 68.6 | 76.5 | 66.6 | 67.8 |
| Nov-13 | 72.1 | 69.9 | 78 | 66.2 | 69.1 |
| Dec-13 | 73.3 | 71.8 | 79.2 | 66.7 | 70.2 |
| Jan-14 | 73.4 | 72.3 | 80.7 | 65.5 | 71.7 |
| Feb-14 | 73.7 | 73.4 | 80.9 | 65.5 | 72.7 |
| Mar-14 | 74.6 | 73.8 | 81.4 | 66.5 | 75.5 |
| Apr-14 | 76.7 | 75.9 | 82 | 67.2 | 78.1 |
| May-14 | 78.8 | 78.2 | 82 | 69.4 | 80.6 |
| Jun-14 | 82.5 | 81.2 | 84.5 | 72.5 | 82.5 |
| Jul-14 | 86.2 | 84.8 | 87.2 | 75.1 | 85 |
| Aug-14 | 87.3 | 87 | 89 | 76.1 | 86.7 |
| Sep-14 | 88.8 | 89.9 | 90.7 | 77.7 | 87.8 |
| Oct-14 | 89.2 | 91.5 | 91.9 | 78.3 | 89.3 |
| Nov-14 | 89 | 93.1 | 91.8 | 79.5 | 89.8 |
| Dec-14 | 87.9 | 93 | 91.4 | 80.1 | 89.6 |
| Jan-15 | 88 | 93.4 | 90.2 | 81.4 | 91.2 |
| Feb-15 | 88 | 93.9 | 88.7 | 81.5 | 92.1 |
| Mar-15 | 88.6 | 93.3 | 90.2 | 81.1 | 91.9 |
| Apr-15 | 88.4 | 92.5 | 90.5 | 80.6 | 91.3 |
| May-15 | 88.5 | 92.5 | 90.1 | 80.4 | 90.5 |
| Jun-15 | 89.4 | 92.7 | 90.6 | 80.9 | 90 |
| Jul-15 | 89.4 | 92.4 | 90.5 | 80.7 | 89.7 |
| Aug-15 | 90.3 | 93.1 | 90.7 | 81.3 | 89.8 |
| Sep-15 | 90.5 | 92.7 | 91.1 | 82 | 90 |
| Oct-15 | 91.4 | 93.9 | 91 | 83.4 | 89.5 |
| Nov-15 | 92.1 | 94.6 | 92.5 | 83.8 | 88.4 |
| Dec-15 | 91.6 | 94.5 | 92.6 | 83.6 | 88.7 |
| Jan-16 | 92.6 | 94.8 | 93.5 | 85.4 | 90.1 |
| Feb-16 | 91.5 | 94.4 | 92.8 | 85.5 | 90 |
| Mar-16 | 91.5 | 94.5 | 92.5 | 86.5 | 90.1 |
| Apr-16 | 91.5 | 94.8 | 92 | 86.4 | 90.7 |
| May-16 | 91 | 94.9 | 91.1 | 86 | 90.4 |
| Jun-16 | 91.1 | 94.8 | 91 | 85.7 | 91.3 |
| Jul-16 | 92.9 | 96.5 | 91.5 | 85.9 | 91.9 |
3.3 Dublin apartment price trends
The price of apartments in Dublin increased 6.4% in the year to July 2016. This compares to an increase of 8.7% in the year to June and an increase of 11.9% in the year to July 2015.
Dublin apartment prices are 68.9% higher than their 2012 trough, but are 40.1% lower than their peak in February 2007.
The strongest period of price growth for Dublin apartments (2013-2014) coincided with a period of substantial growth in the volume of sales. From 2015 onwards, volume growth has levelled off and price growth has been more hesitant (see Figure 3.3).
| X-axis label | Volume | Dublin Apartment Index |
|---|---|---|
| January 2010 | 44 | 72.2 |
| February 2010 | 50 | 71.9 |
| March 2010 | 91 | 70.5 |
| April 2010 | 81 | 70.2 |
| May 2010 | 79 | 68.8 |
| June 2010 | 96 | 67 |
| July 2010 | 111 | 65.8 |
| August 2010 | 87 | 65.7 |
| September 2010 | 113 | 63.9 |
| October 2010 | 90 | 62.6 |
| November 2010 | 110 | 61.3 |
| December 2010 | 77 | 60.6 |
| January 2011 | 76 | 61.2 |
| February 2011 | 70 | 60.8 |
| March 2011 | 85 | 59.7 |
| April 2011 | 48 | 60.1 |
| May 2011 | 70 | 58.8 |
| June 2011 | 83 | 57.6 |
| July 2011 | 64 | 57.3 |
| August 2011 | 73 | 57.1 |
| September 2011 | 78 | 55.1 |
| October 2011 | 72 | 54.1 |
| November 2011 | 89 | 53.3 |
| December 2011 | 96 | 52.6 |
| January 2012 | 75 | 51.1 |
| February 2012 | 77 | 49 |
| March 2012 | 67 | 47.2 |
| April 2012 | 64 | 47 |
| May 2012 | 92 | 46.3 |
| June 2012 | 87 | 45.6 |
| July 2012 | 115 | 46.3 |
| August 2012 | 124 | 46.7 |
| September 2012 | 104 | 46.7 |
| October 2012 | 147 | 47.9 |
| November 2012 | 172 | 48.2 |
| December 2012 | 143 | 48.7 |
| January 2013 | 188 | 49.3 |
| February 2013 | 105 | 49.6 |
| March 2013 | 116 | 49.7 |
| April 2013 | 132 | 49.5 |
| May 2013 | 136 | 49.6 |
| June 2013 | 125 | 50.1 |
| July 2013 | 184 | 50.6 |
| August 2013 | 173 | 50.8 |
| September 2013 | 199 | 51.1 |
| October 2013 | 179 | 51.9 |
| November 2013 | 201 | 53.1 |
| December 2013 | 230 | 53.7 |
| January 2014 | 239 | 55.3 |
| February 2014 | 153 | 56.1 |
| March 2014 | 179 | 57.7 |
| April 2014 | 184 | 58.8 |
| May 2014 | 188 | 61.6 |
| June 2014 | 198 | 63.3 |
| July 2014 | 226 | 64.7 |
| August 2014 | 228 | 67 |
| September 2014 | 255 | 69.8 |
| October 2014 | 267 | 70.9 |
| November 2014 | 223 | 71.1 |
| December 2014 | 332 | 70.8 |
| January 2015 | 346 | 72 |
| February 2015 | 224 | 71 |
| March 2015 | 249 | 68.6 |
| April 2015 | 204 | 68.7 |
| May 2015 | 229 | 69.6 |
| June 2015 | 236 | 71.1 |
| July 2015 | 277 | 72.4 |
| August 2015 | 237 | 73.5 |
| September 2015 | 253 | 74.4 |
| October 2015 | 246 | 76.2 |
| November 2015 | 226 | 73.9 |
| December 2015 | 306 | 73 |
| January 2016 | 235 | 73.8 |
| February 2016 | 258 | 73.4 |
| March 2016 | 214 | 73.1 |
| April 2016 | 218 | 74.6 |
| May 2016 | 223 | 76.1 |
| June 2016 | 256 | 77.3 |
| July 2016 | 255 | 77 |
3.4 Dublin 6 most expensive
The most expensive postal district, as denoted by Eircode Routing Key, for household buyers is D06 ‘Dublin 6’, according to stamp duty returns filed in the 12 months to July 2016. The average price for a dwelling in D06 was €694,148. The second most expensive postal district is D04 ‘Dublin 4’, with an average price of €648,855. Third most expensive is A96 ‘Glenageary’, with an average price of €626,747.
The least expensive postal district is D10 ‘Dublin 10’, where households paid an average price of €154,717 for a dwelling in the year to July 2016. Second least expensive was K32 ‘Balbriggan’, with an average price of €190,455 (although note that this price refers to the whole of K32, which also extends into Co. Meath). Third least expensive was D17 ‘Dublin 17’, with an average asking price of €204,000 (see Figure 3.4). - Note that average prices are not provided where the volume of transactions is very low).
Notes:
Areas that are whited out in Figure 3.4 are routing key areas with too few transactions to provide statistically robust results.
The Eircode boundaries represented on the map above are solely intended to be used for illustrative purposes.
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