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Housing Pulse

Housing Pulse

September 2019

At 75.2 in September 2019, the Housing Pulse was down 6.8 on last month’s reading. Uncertainty and stretched affordability in parts of the country are tempering sentiment; with households in all regions bar Connacht/Ulster paring back their expectations for future price gains this month. Rising supply has also helped take some of the edge off the market, though there is still a shortage of accommodation. This is a concern for businesses as well as individuals, with firms in Dublin, Munster and the Rest of Leinster citing housing as the priority area for investment to strengthen local economies.

Housing Pulse

September 2019

Key Points

  • Housing Pulse softer in September
  • 45% think house prices will increase in the next 12 months
  • One in five expect them to fall

Housing Pulse

September 2019

Housing Pulse

September 2019

75.2

-6.8 on previous index reading

Housing Pulse

September 2019

”Housing infrastructure is seen as sub-par by many businesses, with more than two in five rating it as inadequate.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

September 2019

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 30%
Stay more or less the same
33%
Decrease
1% to 5% 14%
> 5% 7%

Balance +16%

(-7 on previous reading)

Housing Pulse

September 2019

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 18%
1% to 5% 30%
Stay more or less the same
23%
Decrease
1% to 5% 18%
> 5% 10%

Balance +13%

(-9 on previous reading)

Housing Pulse

September 2019

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 31%
Stay more or less the same
35%
Decrease
1% to 5% 10%
> 5% 6%

Balance +21%

(-6 on previous reading)

Housing Pulse

September 2019

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 10%
1% to 5% 32%
Stay more or less the same
37%
Decrease
1% to 5% 13%
> 5% 7%

Balance +12%

(-13 on previous reading)

Housing Pulse

September 2019

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 26%
Stay more or less the same
40%
Decrease
1% to 5% 15%
> 5% 1%

Balance +21%

(+4 on previous reading)

Housing Pulse

September 2019

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 19%
1% to 5% 40%
Stay more or less the same
34%
Decrease
1% to 5% 3%
> 5% 1%

Balance +37%

(-1 on previous reading)

Housing Pulse

September 2019

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 18%
1% to 5% 44%
Stay more or less the same
29%
Decrease
1% to 5% 3%
> 5% 2%

Balance +37%

(-10 on previous reading)

Housing Pulse

September 2019

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 41%
Stay more or less the same
34%
Decrease
1% to 5% 4%
> 5% 1%

Balance +35%

(-1 on previous reading)

Housing Pulse

September 2019

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 36%
Stay more or less the same
34%
Decrease
1% to 5% 4%
> 5% 1%

Balance +39%

(+5 on previous reading)

Housing Pulse

September 2019

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 18%
1% to 5% 35%
Stay more or less the same
45%
Decrease
1% to 5% 1%
> 5% 0%

Balance +34%

(0 on previous reading)