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Housing Pulse

Housing Pulse

February 2021

The Housing Pulse stood at 93.3 in February 2021, up 6.8 on January’s reading and 8.6 higher than a year ago. The improvement in sentiment this month was broad based across the regions – households in Dublin, the Rest of Leinster, Munster and Connacht/Ulster all upped their expectations for future house price increases – taking the series to its highest level since the summer of 2019. Rent expectations were also firmer in February, but unlike house price expectations, the balance of positive and negative responses (+29%) remains below where it was before the pandemic struck (+34%).

Housing Pulse

February 2021

Key Points

  • Housing Pulse increases in February
  • Tenth consecutive gain
  • Now at a 20-month high

Housing Pulse

February 2021

Housing Pulse

February 2021

93.3

+6.8 on previous index reading

Housing Pulse

February 2021

”Three in five households think house prices will go up in the next 12 months, while half expect rents to rise.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

February 2021

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 22%
1% to 5% 37%
Stay more or less the same
28%
Decrease
1% to 5% 8%
> 5% 2%

Balance +34%

(+6 on previous reading)

Housing Pulse

February 2021

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 23%
1% to 5% 38%
Stay more or less the same
24%
Decrease
1% to 5% 9%
> 5% 3%

Balance +35%

(+6 on previous reading)

Housing Pulse

February 2021

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 21%
1% to 5% 38%
Stay more or less the same
30%
Decrease
1% to 5% 6%
> 5% 2%

Balance +34%

(+4 on previous reading)

Housing Pulse

February 2021

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 22%
1% to 5% 36%
Stay more or less the same
29%
Decrease
1% to 5% 9%
> 5% 1%

Balance +35%

(+9 on previous reading)

Housing Pulse

February 2021

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 21%
1% to 5% 38%
Stay more or less the same
30%
Decrease
1% to 5% 10%
> 5% 1%

Balance +35%

(+11 on previous reading)

Housing Pulse

February 2021

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 35%
Stay more or less the same
37%
Decrease
1% to 5% 6%
> 5% 2%

Balance +29%

(+7 on previous reading)

Housing Pulse

February 2021

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 16%
1% to 5% 34%
Stay more or less the same
33%
Decrease
1% to 5% 10%
> 5% 3%

Balance +25%

(+8 on previous reading)

Housing Pulse

February 2021

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 14%
1% to 5% 31%
Stay more or less the same
43%
Decrease
1% to 5% 6%
> 5% 3%

Balance +25%

(-1 on previous reading)

Housing Pulse

February 2021

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 19%
1% to 5% 41%
Stay more or less the same
30%
Decrease
1% to 5% 4%
> 5% 0%

Balance +38%

(+13 on previous reading)

Housing Pulse

February 2021

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 33%
Stay more or less the same
45%
Decrease
1% to 5% 1%
> 5% 1%

Balance +32%

(+11 on previous reading)