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Residential Property Price Index July 2018

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CSO statistical publication, , 11am

On-line ISSN: 2009-5236

Residential property prices rise by 10.4% in the year to July

Table 1.1: Residential Property Price Index
MonthPrice Index (Jan 2005=100)Monthly % change Annual % change
May 2018104.30.712.4
June 2018105.31.011.9
July 2018106.41.010.4
The latest two month's RPPI results are provisional and subject to revision.
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-1089.279.294.1
Mar-1088.177.593.6
Apr-1087.677.392.8
May-1086.176.590.7
Jun-1085.175.589.9
Jul-1084.27588.8
Aug-108475.487.9
Sep-108375.286.2
Oct-1081.67484.6
Nov-1079.972.582.9
Dec-1078.771.281.8
Jan-117870.581.3
Feb-1176.56979.8
Mar-1174.767.178.1
Apr-1173.766.676.6
May-1172.465.575.2
Jun-1171.364.674.1
Jul-1169.863.672.2
Aug-116862.370
Sep-1166.660.668.9
Oct-1165.459.467.7
Nov-1164.358.166.9
Dec-1163.35766.1
Jan-1262.35665.1
Feb-1260.954.563.9
Mar-1261.254.964.1
Apr-1260.254.762.4
May-126054.762
Jun-1259.95561.5
Jul-1260.556.161.5
Aug-1260.656.861
Sep-1261.157.561.2
Oct-1261.35861.1
Nov-1261.158.460.3
Dec-1261.359.160
Jan-1360.258.658.3
Feb-1359.557.658.1
Mar-1358.757.256.8
Apr-135957.956.7
May-135958.356.2
Jun-1360.560.456.9
Jul-136262.657.4
Aug-1362.864.257.5
Sep-1363.865.358.3
Oct-1364.265.758.7
Nov-1364.566.558.4
Dec-1365.367.359.1
Jan-1465.467.658.9
Feb-1465.66859.1
Mar-1466.16958.9
Apr-1467.57159.5
May-1469.373.660.5
Jun-1471.376.661.2
Jul-1473.579.762.3
Aug-1474.981.563.3
Sep-1476.583.564.4
Oct-1477.38465.5
Nov-1477.683.866.3
Dec-147782.666.4
Jan-1577.38366.6
Feb-157782.666.5
Mar-1577.382.567
Apr-1577.982.668.1
May-1578.883.269.2
Jun-1580.184.370.5
Jul-1580.784.771.2
Aug-1581.785.672.2
Sep-158285.572.8
Oct-1582.986.673.5
Nov-1582.686.273.4
Dec-1582.585.873.5
Jan-1683.28773.8
Feb-1682.786.473.5
Mar-168386.673.8
Apr-1683.587.174.2
May-1683.786.874.7
Jun-1684.58776.1
Jul-1686.488.178.5
Aug-1687.689.479.5
Sep-1688.690.880.1
Oct-1689.19180.7
Nov-1690.292.181.9
Dec-1689.991.581.7
Jan-1790.59282.4
Feb-1790.792.282.7
Mar-1791.192.882.8
Apr-1791.492.184.1
May-1792.894.584.4
June-1794.196.385.1
July-1796.498.587.4
Aug-1797.999.988.8
Sept-1799.210190.2
Oct-1799.5101.590.4
Nov-17100.3101.891.6
Dec-17100.8102.292.1
Jan-18101.2102.892.4
Feb-18102103.792.9
Mar-18102.6103.794.1
Apr-18103.6104.195.7
May-18104.3104.896.2
June-18105.3104.998
July-18106.4105.699.4

In the year to July, residential property prices at national level increased by 10.4%. This compares with an increase of 11.9% in the year to June and an increase of 11.6% in the twelve months to July 2017.

In Dublin, residential property prices increased by 7.2% in the year to July. Dublin house prices increased 6.5%. Apartments in Dublin increased 11.0% in the same period. The highest house price growth was in Dún Laoghaire-Rathdown, at 9.8%. In contrast, the lowest growth was in South Dublin, where house prices increased 5.2%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.7% higher in the year to July. House prices in the Rest of Ireland increased 13.1% over the period. The Mid-West region showed the greatest price growth, with house prices increasing 23.7%. The Border region showed the least price growth, with house prices increasing 6.0%. Apartment prices in the Rest of Ireland increased 18.7% in the same period. 

Overall Decline

Overall, the national index is 18.8% lower than its highest level in 2007. Dublin residential property prices are 21.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 23.1% lower than their May 2007 peak.

Recovery

From the trough in early 2013, prices nationally have increased by 81.3%. Dublin residential property prices have increased 93.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 76.9% higher than the trough, which was in May 2013.

Price Indexannual percentage change
National - all residential properties10.4
National - houses10
National - apartments14.2
Dublin - all residential properties7.2
Dublin - houses6.5
Dublin - apartments11
Dublin City - houses9.2
Dun Laoghaire-Rathdown - houses9.8
Fingal - houses7.3
South Dublin - houses5.2
National excluding Dublin - all residential properties13.7
National excluding Dublin - houses13.1
National excluding Dublin - apartments18.7
Border - houses6
Midland - houses11.8
West - houses15.3
Mid-East - houses12.7
Mid-West - houses23.7
South-East - houses11.1
South-West - houses12.8

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.

Show Table: Residential Property Price Index Breakdown(Base Jan 2005=100)

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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