CSO statistical release, , 11am
| Table 1.1: Residential Property Price Index | |||
| Month | Price Index (2015=100) | Monthly % change | Annual % change |
| July 2021 | 145.8 | 1.7 | 8.5 |
| August 2021 | 149.1 | 2.2 | 10.9 |
| September 2021 | 151.5 | 1.6 | 12.5 |
| October 2021 | 153.7 | 1.4 | 13.5 |
| The latest three month's RPPI results are provisional and subject to revision. | |||
Residential property prices (houses and apartments) increased by 13.5% nationally in the year to October. This compares to an increase of 12.5% in the year to September and a decrease of 0.5% in the twelve months to October 2020.
In Dublin, residential property prices saw an increase of 12.3% in the year to October, while property prices outside Dublin were 14.6% 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 | 0.4 | -0.6 | 1.3 |
| Dec-20 | 2.2 | 1.5 | 3 |
| Jan-21 | 2.5 | 0.9 | 3.9 |
| Feb-21 | 3 | 1.4 | 4.5 |
| Mar-21 | 3.5 | 2.3 | 4.7 |
| Apr-21 | 4.5 | 3.7 | 5.3 |
| May-21 | 5.4 | 4.8 | 6 |
| June-21 | 6.8 | 6.3 | 7.4 |
| July-21 | 8.5 | 8.1 | 8.9 |
| Aug-21 | 10.9 | 10.3 | 11.4 |
| Sep-21 | 12.5 | 11.7 | 13.1 |
| Oct-21 | 13.5 | 12.3 | 14.6 |
In Dublin, house prices increased by 13.3% and apartment prices increased by 8.1%. The highest house price growth in Dublin was in Dublin City at 15.5%, while Fingal saw a rise of 9.6%.
Outside Dublin, house prices were up by 14.7% and apartment prices up by 13.4%. The region outside of Dublin that saw the largest rise in house prices was the Border at 24.1% - at the other end of the scale, the Mid-East saw an 11.5% rise. See Figure 1.2.
| Price Index | Annual percentage change |
|---|---|
| National - all residential properties | 13.5 |
| National - houses | 14.1 |
| National - apartments | 9.6 |
| Dublin - all residential properties | 12.3 |
| Dublin - houses | 13.3 |
| Dublin - apartments | 8.1 |
| Dublin City - houses | 15.5 |
| Dun Laoghaire-Rathdown - houses | 14.8 |
| Fingal - houses | 9.6 |
| South Dublin - houses | 11.9 |
| National excluding Dublin - all residential properties | 14.6 |
| National excluding Dublin - houses | 14.7 |
| National excluding Dublin - apartments | 13.4 |
| Border - houses | 24.1 |
| Midland - houses | 14.7 |
| West - houses | 13.4 |
| Mid-East - houses | 11.5 |
| Mid-West - houses | 16 |
| South-East - houses | 18.6 |
| South-West - houses | 14.7 |
Overall Decline
Overall, the national index is 6% lower than its highest level in 2007. Dublin residential property prices are 12.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 8% lower than their May 2007 peak.
Recovery
Property prices nationally have increased by 109.5% from their trough in early 2013. Dublin residential property prices have risen 116% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 111.7% 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 | 136.2 | 124.8 | 148.7 |
| Dec-20 | 137.2 | 125.4 | 150.2 |
| Jan-21 | 137.8 | 125.7 | 151 |
| Feb-21 | 138.3 | 126.4 | 151.2 |
| Mar-21 | 139 | 127.6 | 151.5 |
| Apr-21 | 140.2 | 128.8 | 152.8 |
| May-21 | 141.3 | 129.9 | 154 |
| June-21 | 143.4 | 131.6 | 156.4 |
| July-21 | 145.8 | 133.5 | 159.3 |
| Aug-21 | 149.1 | 136.3 | 163.1 |
| Sept-21 | 151.5 | 138.1 | 166.1 |
| Oct-21 | 153.7 | 139.5 | 169 |
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.
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