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Residential Property Price Index August 2016

CSO statistical release, , 11am

On-line ISSN: 2009-5236
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Residential Property Prices rise by 7.2% in the year to August

 

MonthPrice Index (Jan 2005=100)Monthly % change Annual % change
    
June 201683.41.04.9
July 201685.52.56.7
Aug 201686.91.67.2
MonthNationalDublinRest of Ireland
Jan-05100100100
Feb-05100.8102.1100.1
Mar-05101.4102.9100.5
Apr-05102.1103.6101.2
May-05102.8104.4101.9
Jun-05103.7104.5103.3
Jul-05105.3105.7105.1
Aug-05107.1107.8106.7
Sep-05108.2109.7107.4
Oct-05110.6112.8109.3
Nov-05111.5114.3110
Dec-05112.6114.9111.4
Jan-06113.2115.4111.9
Feb-06113.5116.4111.8
Mar-06114.1117.1112.4
Apr-06115.8119.2113.9
May-06118.2122.3115.8
Jun-06120.3125.5117.4
Jul-06123129.5119.5
Aug-06125.8133.3121.6
Sep-06126.8133.5123.1
Oct-06127.6134.4123.8
Nov-06127.6133.9124.1
Dec-06128.6134.1125.5
Jan-07129.7134.3127.1
Feb-07130.3135127.7
Mar-07130.5133.7128.6
Apr-07131134129.2
May-07130.6132.7129.3
Jun-07130.3133128.7
Jul-07130.6133.7128.8
Aug-07130.4133128.8
Sep-07130.4133.3128.7
Oct-07130133.3128.1
Nov-07130132.2128.7
Dec-07129.2130.5128.4
Jan-08128.1127.5128.2
Feb-08127126.8126.9
Mar-08125.9126.1125.6
Apr-08124.8126.1124.1
May-08123.5126.2122.1
Jun-08122.3124.9120.9
Jul-08121.6123.4120.5
Aug-08120.3121.7119.5
Sep-08118.8117.5119.1
Oct-08116.2113.4117.2
Nov-08114.1110.2115.7
Dec-08111.9108113.5
Jan-09109105110.8
Feb-09106100.3108.5
Mar-09103.296.6106.3
Apr-09100.992.9104.6
May-0998.590.9102.1
Jun-0996.989.8100.2
Jul-0995.588.998.5
Aug-0994.38996.6
Sep-0994.288.696.8
Oct-0993.186.696.2
Nov-0992.88596.4
Dec-0991.583.295.5
Jan-1090.681.195.2
Feb-108979.193.7
Mar-1087.57792.8
Apr-108776.392.5
May-1085.475.890.1
Jun-108575.190
Jul-1084.874.790
Aug-1084.375.188.9
Sep-1083.375.486.6
Oct-1081.774.384.7
Nov-108072.883
Dec-1078.671.281.8
Jan-1178.270.181.9
Feb-1176.868.880.5
Mar-1174.867.278.2
Apr-1173.866.876.8
May-1172.765.875.6
Jun-1171.565.573.7
Jul-1170.764.872.7
Aug-1169.463.671.5
Sep-1167.961.870.4
Oct-116760.769.6
Nov-1165.659.368.4
Dec-1164.158.166.5
Jan-1262.656.964.8
Feb-1261.255.363.5
Mar-1261.655.663.9
Apr-1260.555.262.2
May-1260.555.262.2
Jun-1260.555.561.9
Jul-126156.861.7
Aug-1260.957.461
Sep-1261.45861.2
Oct-1261.458.560.9
Nov-1261.358.760.4
Dec-1261.759.460.4
Jan-1360.858.859.3
Feb-1360.25859
Mar-1359.758.257.6
Apr-1359.858.956.9
May-1359.859.556.2
Jun-1361.561.857.1
Jul-1363.364.357.7
Aug-1364.465.958
Sep-1365.56759.1
Oct-1365.867.459.2
Nov-1366.26859
Dec-1367.26959.9
Jan-1466.96959.5
Feb-1466.86959.3
Mar-1467.369.959.2
Apr-1468.771.760.1
May-1470.573.861.1
Jun-147377.261.9
Jul-1475.580.563
Aug-1476.981.764.4
Sep-1478.483.465.6
Oct-1479.283.867
Nov-1479.383.667.5
Dec-1478.782.667.7
Jan-1578.482.867.8
Feb-1577.882.667.2
Mar-1577.682.667.3
Apr-1577.782.567.8
May-1578.482.869
Jun-1579.583.870
Jul-1580.184.170.9
Aug-1581.18571.9
Sep-1581.785.272.8
Oct-1582.786.273.8
Nov-1582.686.473.5
Dec-1582.385.873.6
Jan-1682.886.673.7
Feb-168285.673.4
Mar-1681.985.573.5
Apr-1682.285.873.8
May-1682.685.674.8
Jun-1683.48676.1
Jul-1685.587.578.7
Aug-1686.988.880.1

In the year to August, residential property prices at national level increased by 7.2%. This compares with an increase of 6.7% in the year to July and an increase of 5.5% in the twelve months to August 2015.

In Dublin, all residential property prices increased by 4.5% in the year to August. Dublin house prices increased 4.8%. Whereas apartments increased 6.4% in the same period . The highest house growth was in Dublin City and Fingal, with house prices in both increasing by 5.9%. In contrast, the lowest growth was in Dun Laoghaire-Rathdown, with house prices rising just 1.5%.

The index for all residential property prices in the Rest of Ireland (i.e. excluding Dublin) increased by 11.4% in the year to August. House prices in the Rest of Ireland increased 11.5% over the period. Apartment prices in the Rest of Ireland increased 9.9% in the same period. The South-West region showed the greatest price growth, with house prices increasing 14.8%.  Conversely, the Mid-East region showed the least price growth, with house prices increasing 5.0%.

Overall Decline

Overall, the national index is 33.7% lower than its highest level in 2007. Dublin residential property prices are 34.2% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 38.1% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 45.6%. In the same period, Dublin residential properties have recovered 60.9% of their value whilst residential properties in the Rest of Ireland index recovered 42.5% of their value. 

Table 2 - Residential Property Price Index (Base Jan 2005=100)
Price IndexJune 2016July 2016August 20161 month % change3 month % changeAnnual % change
National - all residential properties83.485.586.91.65.27.2
National - houses86.789.190.61.75.57.3
National - apartments71.171.572.31.13.37.6
       
Dublin - all residential properties86.087.588.81.53.74.5
Dublin - houses91.293.294.61.54.04.8
Dublin - apartments77.277.378.21.22.86.4
Dublin City - houses94.996.498.62.33.95.9
Dún Laoghaire-Rathdown - houses91.091.992.10.21.11.5
Fingal - houses85.785.986.10.20.15.9
South Dublin - houses91.292.492.40.02.22.9
       
National excluding Dublin - all residential properties76.178.780.11.87.111.4
National excluding Dublin - houses78.481.182.51.76.911.5
National excluding Dublin - apartments53.954.755.51.58.09.9
Border excluding Louth - houses63.965.165.30.33.28.1
Midland houses76.578.177.7-0.52.214.1
West - houses72.674.375.92.27.211.9
Mid-East including Louth - houses83.985.386.61.53.75.0
Mid-West including South Tipperary - houses75.777.379.83.27.311.3
South-East excluding South Tipperary - houses67.068.871.43.87.29.2
South-West - houses88.491.092.11.25.114.8
Figures provisional - see section on provisional results in background notes

 

The Statbank Tables are available here

 

 

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