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Housing Pulse

Housing Pulse

March 2019

The Housing Pulse came in at 97.7 in March 2019, down 2.1 on last month. With the Central Bank’s mortgage rules and increasing supply continuing to take some of the edge off the market, a general cooling in house price expectations and an easing in the annual rate of house price inflation have been evident over the past while. Demographics, job gains and earnings growth remain supportive though, and with the number of units coming on stream still well shy of what is needed, two in three households think house prices will increase in the next 12 months.

Housing Pulse

March 2019

Key Points

  • Housing Pulse softer in March
  • Lowest print to date
  • Two in three households still expect prices to rise

Housing Pulse

March 2019

Housing Pulse

March 2019

97.7

-2.1 on previous index reading

Housing Pulse

March 2019

”The Housing Pulse took another dip this month, with the March reading marking a fresh low for the series.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

March 2019

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 40%
Stay more or less the same
26%
Decrease
1% to 5% 4%
> 5% 3%

Balance +39%

(-2 on previous reading)

Housing Pulse

March 2019

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 29%
1% to 5% 42%
Stay more or less the same
20%
Decrease
1% to 5% 5%
> 5% 3%

Balance +44%

(+1 on previous reading)

Housing Pulse

March 2019

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 19%
1% to 5% 44%
Stay more or less the same
26%
Decrease
1% to 5% 4%
> 5% 1%

Balance +38%

(-3 on previous reading)

Housing Pulse

March 2019

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 32%
Stay more or less the same
31%
Decrease
1% to 5% 3%
> 5% 4%

Balance +36%

(-9 on previous reading)

Housing Pulse

March 2019

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 21%
1% to 5% 42%
Stay more or less the same
31%
Decrease
1% to 5% 2%
> 5% 3%

Balance +37%

(+5 on previous reading)

Housing Pulse

March 2019

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 23%
1% to 5% 40%
Stay more or less the same
30%
Decrease
1% to 5% 2%
> 5% 1%

Balance +41%

(-4 on previous reading)

Housing Pulse

March 2019

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 28%
1% to 5% 46%
Stay more or less the same
21%
Decrease
1% to 5% 2%
> 5% 1%

Balance +50%

(0 on previous reading)

Housing Pulse

March 2019

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 19%
1% to 5% 40%
Stay more or less the same
35%
Decrease
1% to 5% 1%
> 5% 1%

Balance +37%

(-10 on previous reading)

Housing Pulse

March 2019

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 25%
1% to 5% 32%
Stay more or less the same
32%
Decrease
1% to 5% 5%
> 5% 0%

Balance +38%

(-5 on previous reading)

Housing Pulse

March 2019

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 16%
1% to 5% 43%
Stay more or less the same
36%
Decrease
1% to 5% 1%
> 5% 0%

Balance +37%

(-2 on previous reading)