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Housing Pulse

Housing Pulse

October 2018

The Housing Pulse fell for a fifth month running in October 2018, to 101.5. While two in three households think that prices will rise in the next 12 months, the share expecting increases in excess of 5% has been trending down over the past year, weighing on the headline index. This cooling in expectations is mirrored in developments on the ground, with data from the CSO showing a softening in house price inflation in recent months as supply ticks up (albeit by less than is needed) and the market adjusts to the Central Bank’s mortgage rules.

 

Housing Pulse

October 2018

Key Points

  • Housing Pulse loses ground in October
  • Rent expectations also ease
  • 72% think it is cheaper to buy than rent in their area

Housing Pulse

October 2018

Housing Pulse

October 2018

101.5

-5.5 on previous index reading

Housing Pulse

October 2018

“On the home improvements front, three in ten are likely to spend a large sum of money doing things up / renovations over the coming year.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

October 2018

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 26%
1% to 5% 40%
Stay more or less the same
25%
Decrease
1% to 5% 5%
> 5% 1%

Balance +43%

(-5 on previous reading)

Housing Pulse

October 2018

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 32%
1% to 5% 39%
Stay more or less the same
20%
Decrease
1% to 5% 5%
> 5% 1%

Balance +48%

(-2 on previous reading)

Housing Pulse

October 2018

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 42%
Stay more or less the same
25%
Decrease
1% to 5% 5%
> 5% 1%

Balance +42%

(-11 on previous reading)

Housing Pulse

October 2018

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 29%
1% to 5% 42%
Stay more or less the same
24%
Decrease
1% to 5% 2%
> 5% 2%

Balance +47%

(+1 on previous reading)

Housing Pulse

October 2018

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 36%
Stay more or less the same
37%
Decrease
1% to 5% 7%
> 5% 2%

Balance +30%

(-12 on previous reading)

Housing Pulse

October 2018

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 24%
1% to 5% 40%
Stay more or less the same
28%
Decrease
1% to 5% 2%
> 5% 1%

Balance +43%

(-5 on previous reading)

Housing Pulse

October 2018

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 31%
1% to 5% 43%
Stay more or less the same
20%
Decrease
1% to 5% 1%
> 5% 1%

Balance +52%

(-3 on previous reading)

Housing Pulse

October 2018

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 18%
1% to 5% 39%
Stay more or less the same
34%
Decrease
1% to 5% 3%
> 5% 1%

Balance +35%

(-10 on previous reading)

Housing Pulse

October 2018

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 29%
1% to 5% 37%
Stay more or less the same
27%
Decrease
1% to 5% 1%
> 5% 1%

Balance +46%

(0 on previous reading)

Housing Pulse

October 2018

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 16%
1% to 5% 42%
Stay more or less the same
36%
Decrease
1% to 5% 2%
> 5% 1%

Balance +35%

(-6 on previous reading)

Housing Pulse

October 2018

Housing National

boi063a_pdf_images_03a_infographic

Housing Pulse

October 2018

Housing Dublin

boi063a_pdf_images_03a_infographic

Housing Pulse

October 2018

Housing Rest of Leinster

Housing Pulse

October 2018

Housing Munster

boi063a_pdf_images_03a_infographic

Housing Pulse

October 2018

Housing Connacht/ Ulster

boi063a_pdf_images_03a_infographic