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Housing Pulse

Housing Pulse

July 2019

The Housing Pulse fell for a second month running in July 2019, to 92.5. Households in all regions pared back their expectations for future house price gains this month – which took the headline index to a fresh low – but the balance of responses remained in the black across the board. The July survey also finds that buying is continuing to trump renting, with three in four indicating that it is cheaper to buy than rent in their area when the typical monthly mortgage repayment and the typical monthly rent for similar properties are compared.

Housing Pulse

July 2019

Key Points

  • Housing Pulse down in July
  • Three in five think house prices will go up in the next 12 months
  • Two thirds expect rents to increase

Housing Pulse

July 2019

Housing Pulse

July 2019

92.5

-6.9 on previous index reading

Housing Pulse

July 2019

”The Housing Pulse softened again this month but price expectations remain in positive territory.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

July 2019

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 21%
1% to 5% 38%
Stay more or less the same
27%
Decrease
1% to 5% 7%
> 5% 3%

Balance +34%

(-7 on previous reading)

Housing Pulse

July 2019

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 25%
1% to 5% 35%
Stay more or less the same
19%
Decrease
1% to 5% 13%
> 5% 5%

Balance +31%

(-9 on previous reading)

Housing Pulse

July 2019

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 20%
1% to 5% 41%
Stay more or less the same
27%
Decrease
1% to 5% 4%
> 5% 4%

Balance +35%

(-6 on previous reading)

Housing Pulse

July 2019

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 20%
1% to 5% 40%
Stay more or less the same
31%
Decrease
1% to 5% 5%
> 5% 0%

Balance +37%

(-3 on previous reading)

Housing Pulse

July 2019

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 20%
1% to 5% 34%
Stay more or less the same
33%
Decrease
1% to 5% 7%
> 5% 3%

Balance +31%

(-12 on previous reading)

Housing Pulse

July 2019

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 23%
1% to 5% 42%
Stay more or less the same
28%
Decrease
1% to 5% 2%
> 5% 1%

Balance +43%

(-2 on previous reading)

Housing Pulse

July 2019

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 27%
1% to 5% 45%
Stay more or less the same
19%
Decrease
1% to 5% 3%
> 5% 2%

Balance +46%

(-5 on previous reading)

Housing Pulse

July 2019

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 22%
1% to 5% 42%
Stay more or less the same
30%
Decrease
1% to 5% 0%
> 5% 1%

Balance +42%

(+1 on previous reading)

Housing Pulse

July 2019

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 23%
1% to 5% 42%
Stay more or less the same
31%
Decrease
1% to 5% 1%
> 5% 0%

Balance +43%

(-3 on previous reading)

Housing Pulse

July 2019

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 21%
1% to 5% 40%
Stay more or less the same
34%
Decrease
1% to 5% 1%
> 5% 0%

Balance +40%

(-1 on previous reading)

Housing Pulse

July 2019

Housing National

boi063a_pdf_images_03a_infographic

Housing Pulse

July 2019

Housing Dublin

boi063a_pdf_images_03a_infographic

Housing Pulse

July 2019

Housing Rest of Leinster

Housing Pulse

July 2019

Housing Munster

boi063a_pdf_images_03a_infographic

Housing Pulse

July 2019

Housing Connacht/ Ulster

boi063a_pdf_images_03a_infographic