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Housing Pulse

Housing Pulse

March 2020

The Housing Pulse stood at 77.5 in March 2020. This was 7.2 lower than last month’s reading and down 20.3 on a year ago. While households throughout the country pared back their expectations for future house price gains this month, the balance of positive and negative responses remained in the black across the board. The same goes for rent expectations – the March survey finds that the balance was also in positive territory in all regions but softer on the month.

Housing Pulse

March 2020

Key Points

  • Housing Pulse loses ground in March
  • Two in five think prices will rise in the next 12 months
  • One in seven expects a fall

Housing Pulse

March 2020

Housing Pulse

March 2020

77.5

-7.2 on previous index reading

Housing Pulse

March 2020

”A full sweep of the country this month, with house price and rent expectations softer in all regions.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

March 2020

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 14%
1% to 5% 29%
Stay more or less the same
39%
Decrease
1% to 5% 12%
> 5% 4%

Balance +19%

(-7 on previous reading)

Housing Pulse

March 2020

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 29%
Stay more or less the same
32%
Decrease
1% to 5% 14%
> 5% 4%

Balance +18%

(-6 on previous reading)

Housing Pulse

March 2020

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 13%
1% to 5% 33%
Stay more or less the same
38%
Decrease
1% to 5% 8%
> 5% 6%

Balance +20%

(-6 on previous reading)

Housing Pulse

March 2020

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 28%
Stay more or less the same
39%
Decrease
1% to 5% 14%
> 5% 2%

Balance +21%

(-7 on previous reading)

Housing Pulse

March 2020

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 11%
1% to 5% 22%
Stay more or less the same
51%
Decrease
1% to 5% 11%
> 5% 1%

Balance +15%

(-11 on previous reading)

Housing Pulse

March 2020

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 36%
Stay more or less the same
40%
Decrease
1% to 5% 4%
> 5% 1%

Balance +30%

(-4 on previous reading)

Housing Pulse

March 2020

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 36%
Stay more or less the same
34%
Decrease
1% to 5% 6%
> 5% 1%

Balance +30%

(-5 on previous reading)

Housing Pulse

March 2020

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 38%
Stay more or less the same
39%
Decrease
1% to 5% 4%
> 5% 2%

Balance +30%

(-3 on previous reading)

Housing Pulse

March 2020

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 35%
Stay more or less the same
42%
Decrease
1% to 5% 5%
> 5% 0%

Balance +30%

(-6 on previous reading)

Housing Pulse

March 2020

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 12%
1% to 5% 36%
Stay more or less the same
46%
Decrease
1% to 5% 0%
> 5% 1%

Balance +28%

(-3 on previous reading)