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Housing Pulse

Housing Pulse

July 2022

At 97.7 in July 2022, the Housing Pulse was 12.9 lower than in June and down 21.8 on a year ago. Households lowered their expectations for future house price gains this month, albeit more than three in five still think they will increase over the coming year (this compares with three in four last month). Interest rate hiking by the European Central Bank means higher mortgage repayments for some and may have contributed to the slippage in the share of respondents saying it is cheaper to buy a property than rent in the July survey (68% versus 76% in April).

Housing Pulse

July 2022

Key Points

  • Housing Pulse falls sharply in July
  • Softer readings in all regions
  • Borrowing costs on the rise

Housing Pulse

July 2022

Housing Pulse

July 2022

97.7

-12.9 on previous index reading

Housing Pulse

July 2022

”The Housing Pulse notched a hat-trick in July, falling for a third month in a row.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

July 2022

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 32%
1% to 5% 31%
Stay more or less the same
21%
Decrease
1% to 5% 9%
> 5% 4%

Balance +39%

(-13 on previous reading)

Housing Pulse

July 2022

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 38%
1% to 5% 32%
Stay more or less the same
17%
Decrease
1% to 5% 8%
> 5% 3%

Balance +47%

(-10 on previous reading)

Housing Pulse

July 2022

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 26%
1% to 5% 36%
Stay more or less the same
22%
Decrease
1% to 5% 11%
> 5% 3%

Balance +36%

(-17 on previous reading)

Housing Pulse

July 2022

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 35%
1% to 5% 28%
Stay more or less the same
19%
Decrease
1% to 5% 10%
> 5% 5%

Balance +39%

(-14 on previous reading)

Housing Pulse

July 2022

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 27%
1% to 5% 28%
Stay more or less the same
26%
Decrease
1% to 5% 9%
> 5% 7%

Balance +30%

(-11 on previous reading)

Housing Pulse

July 2022

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 32%
1% to 5% 36%
Stay more or less the same
25%
Decrease
1% to 5% 2%
> 5% 2%

Balance +48%

(-7 on previous reading)

Housing Pulse

July 2022

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 34%
1% to 5% 37%
Stay more or less the same
23%
Decrease
1% to 5% 1%
> 5% 2%

Balance +50%

(-7 on previous reading)

Housing Pulse

July 2022

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 26%
1% to 5% 39%
Stay more or less the same
28%
Decrease
1% to 5% 2%
> 5% 1%

Balance +43%

(-10 on previous reading)

Housing Pulse

July 2022

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 36%
1% to 5% 33%
Stay more or less the same
22%
Decrease
1% to 5% 3%
> 5% 3%

Balance +48%

(-9 on previous reading)

Housing Pulse

July 2022

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 35%
1% to 5% 33%
Stay more or less the same
26%
Decrease
1% to 5% 1%
> 5% 1%

Balance +49%

(-1 on previous reading)

Housing Pulse

July 2022

Housing National

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Housing Pulse

July 2022

Housing Dublin

boi063a_pdf_images_03a_infographic

Housing Pulse

July 2022

Housing Rest of Leinster

Housing Pulse

July 2022

Housing Munster

Housing Pulse

July 2022

Housing Connacht/ Ulster