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Housing Pulse

Housing Pulse

November 2018

The Housing Pulse recovered some ground in November 2018, coming in at 105.1. This was up 3.6 on last month’s reading but 12.3 lower than a year ago. Rising supply and the ongoing adjustment to the Central Bank’s mortgage rules have contributed to some softening in house price inflation and a cooling in expectations over the past while. However, with employment and incomes increasing and house completions still running below what is needed, seven in ten households expect prices to rise in the next 12 months, up from two thirds in October.

 

Housing Pulse

November 2018

Key Points

  • Housing Pulse up in November
  • House price expectations in positive territory
  • Same for rents

Housing Pulse

November 2018

Housing Pulse

November 2018

105.1

+3.6 on previous index reading

Housing Pulse

November 2018

“There was some reprieve for the Housing Pulse this month, with the share of households expecting price gains over the next year ticking up.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

November 2018

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 29%
1% to 5% 42%
Stay more or less the same
22%
Decrease
1% to 5% 4%
> 5% 1%

Balance +46%

(+3 on previous reading)

Housing Pulse

November 2018

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 31%
1% to 5% 40%
Stay more or less the same
20%
Decrease
1% to 5% 7%
> 5% 2%

Balance +46%

(-2 on previous reading)

Housing Pulse

November 2018

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 33%
1% to 5% 42%
Stay more or less the same
21%
Decrease
1% to 5% 2%
> 5% 1%

Balance +52%

(+10 on previous reading)

Housing Pulse

November 2018

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 25%
1% to 5% 47%
Stay more or less the same
22%
Decrease
1% to 5% 3%
> 5% 1%

Balance +45%

(-2 on previous reading)

Housing Pulse

November 2018

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 40%
Stay more or less the same
29%
Decrease
1% to 5% 3%
> 5% 2%

Balance +41%

(+11 on previous reading)

Housing Pulse

November 2018

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 28%
1% to 5% 42%
Stay more or less the same
25%
Decrease
1% to 5% 1%
> 5% 0%

Balance +48%

(+5 on previous reading)

Housing Pulse

November 2018

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 35%
1% to 5% 40%
Stay more or less the same
21%
Decrease
1% to 5% 2%
> 5% 0%

Balance +54%

(+2 on previous reading)

Housing Pulse

November 2018

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 31%
1% to 5% 43%
Stay more or less the same
22%
Decrease
1% to 5% 1%
> 5% 0%

Balance +52%

(+17 on previous reading)

Housing Pulse

November 2018

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 23%
1% to 5% 46%
Stay more or less the same
26%
Decrease
1% to 5% 0%
> 5% 0%

Balance +46%

(0 on previous reading)

Housing Pulse

November 2018

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 19%
1% to 5% 40%
Stay more or less the same
36%
Decrease
1% to 5% 2%
> 5% 0%

Balance +37%

(+2 on previous reading)