CSO statistical release, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (Jan 2005=100) | Monthly % change | Annual % change |
| March 2019 | 106.5 | 0.1 | 3.8 |
| April 2019 | 106.7 | 0.2 | 3.0 |
| May 2019 | 107.2 | 0.5 | 2.8 |
| 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 | 101.2 | 102.8 | 92.4 |
| Feb-18 | 102 | 103.7 | 92.9 |
| Mar-18 | 102.6 | 103.7 | 94.1 |
| Apr-18 | 103.6 | 104.1 | 95.7 |
| May-18 | 104.3 | 104.8 | 96.2 |
| June-18 | 105.3 | 104.9 | 98 |
| July-18 | 106 | 105.8 | 98.5 |
| Aug-18 | 106.6 | 106.6 | 98.8 |
| Sep-18 | 107.6 | 107.5 | 99.8 |
| Oct-18 | 107.8 | 107.8 | 100 |
| Nov-18 | 107.5 | 107 | 100 |
| Dec-18 | 107.1 | 106.1 | 100.2 |
| Jan-19 | 106.5 | 105.6 | 99.6 |
| Feb-19 | 106.4 | 105.2 | 99.7 |
| Mar-19 | 106.5 | 104.6 | 100.5 |
| Apr-19 | 106.7 | 104.6 | 100.9 |
| May-19 | 107.2 | 105.4 | 101.1 |
Residential property prices increased by 2.8% nationally in the year to May. This compares with an increase of 3.0% in the year to April and an increase of 12.4% in the twelve months to May 2018.
In Dublin, residential property prices rose by 0.6% in the year to May, with house prices up 0.4% and apartments rising by 0.8%. The highest house price growth in Dublin was in South Dublin at 4.0%, while Dun Laoghaire-Rathdown, conversely, saw a decline of 2.6%.
Residential property prices in Ireland excluding Dublin were 5.1% higher in the year to May, with house prices up by 5.2% and apartments by 5.2%. The region outside of Dublin that saw the largest rise in property prices was the Border at 15.2%, while the smallest rise was recorded in the Mid-East at 0.5%.
Overall Decline
Overall, the national index is 18.2% lower than its highest level in 2007. Dublin residential property prices are 21.9% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.8% lower than their May 2007 peak.
Recovery
Property prices nationally have increased by 82.6% from their trough in early 2013. Dublin residential property prices have risen 93.4% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 79.9% higher than at the trough, which was in May 2013.
| Price Index | annual percentage change |
|---|---|
| National - all residential properties | 2.8 |
| National - houses | 2.9 |
| National - apartments | 2.1 |
| Dublin - all residential properties | 0.6 |
| Dublin - houses | 0.4 |
| Dublin - apartments | 0.8 |
| Dublin City - houses | -1.1 |
| Dun Laoghaire-Rathdown - houses | -2.6 |
| Fingal - houses | 1.5 |
| South Dublin - houses | 4 |
| National excluding Dublin - all residential properties | 5.1 |
| National excluding Dublin - houses | 5.2 |
| National excluding Dublin - apartments | 5.2 |
| Border - houses | 15.2 |
| Midland - houses | 8.2 |
| West - houses | 9.9 |
| Mid-East - houses | 0.5 |
| Mid-West - houses | 5.6 |
| South-East - houses | 7.7 |
| South-West - houses | 4.3 |
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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