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Housing Pulse

Housing Pulse

May 2021

The Housing Pulse rose 4.3 in May 2021 to come in at 112.3. This was 87.0 higher than a year ago and the thirteenth consecutive monthly gain for the index. Some three quarters of households think house prices will increase over the next year as supply continues to trail a long way behind demand and the construction sector struggles with labour, material and equipment shortages (which are putting upward pressure on costs as well as hindering production). On the rental front, expectations also tracked higher this month, with almost two thirds of survey respondents now anticipating rent increases over the coming year.

Housing Pulse

May 2021

Key Points

  • Housing Pulse gains further ground in May
  • House price expectations in the black
  • Same for rents

Housing Pulse

May 2021

Housing Pulse

May 2021

112.3

+4.3 on previous index reading

Housing Pulse

May 2021

”House price expectations remained in firm positive territory throughout the country this month.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

May 2021

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 36%
1% to 5% 41%
Stay more or less the same
16%
Decrease
1% to 5% 3%
> 5% 2%

Balance +53%

(+4 on previous reading)

Housing Pulse

May 2021

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 36%
1% to 5% 42%
Stay more or less the same
14%
Decrease
1% to 5% 3%
> 5% 2%

Balance +53%

(+3 on previous reading)

Housing Pulse

May 2021

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 37%
1% to 5% 44%
Stay more or less the same
14%
Decrease
1% to 5% 2%
> 5% 1%

Balance +57%

(+8 on previous reading)

Housing Pulse

May 2021

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 37%
1% to 5% 36%
Stay more or less the same
18%
Decrease
1% to 5% 5%
> 5% 1%

Balance +51%

(+4 on previous reading)

Housing Pulse

May 2021

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 36%
1% to 5% 42%
Stay more or less the same
16%
Decrease
1% to 5% 2%
> 5% 3%

Balance +52%

(0 on previous reading)

Housing Pulse

May 2021

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 25%
1% to 5% 39%
Stay more or less the same
29%
Decrease
1% to 5% 3%
> 5% 1%

Balance +42%

(+6 on previous reading)

Housing Pulse

May 2021

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 37%
Stay more or less the same
30%
Decrease
1% to 5% 3%
> 5% 1%

Balance +40%

(+8 on previous reading)

Housing Pulse

May 2021

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 30%
1% to 5% 37%
Stay more or less the same
26%
Decrease
1% to 5% 2%
> 5% 0%

Balance +47%

(+9 on previous reading)

Housing Pulse

May 2021

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 18%
1% to 5% 45%
Stay more or less the same
31%
Decrease
1% to 5% 3%
> 5% 0%

Balance +39%

(-3 on previous reading)

Housing Pulse

May 2021

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 28%
1% to 5% 36%
Stay more or less the same
30%
Decrease
1% to 5% 2%
> 5% 1%

Balance +44%

(+11 on previous reading)