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Housing Pulse

Housing Pulse

May 2020

At 25.3 in May 2020, the Housing Pulse was more or less flat on the month. With almost three in five households expecting house prices to fall over the coming year but just one in six expecting them to rise, the balance of responses remained deep in the red. While a pullback in the demand for housing is to be expected as the economy slows, the COVID-19 shock will also affect the supply of new homes. Indeed, nine in ten housebuilders reported a drop in business activity over the past three months as heightened uncertainty, material and equipment shortages and widespread site closures hampered output.

Housing Pulse

May 2020

Key Points

  • Housing Pulse little changed in May
  • Price expectations in negative territory
  • Housebuilding at a standstill

Housing Pulse

May 2020

Housing Pulse

May 2020

25.3

+0.2 on previous index reading

Housing Pulse

May 2020

”After entering freefall in April, it was a case of steady as she goes for the Housing Pulse this month.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

May 2020

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 10%
Stay more or less the same
24%
Decrease
1% to 5% 27%
> 5% 30%

Balance -34%

(0 on previous reading)

Housing Pulse

May 2020

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 5%
1% to 5% 10%
Stay more or less the same
17%
Decrease
1% to 5% 28%
> 5% 37%

Balance -41%

(-2 on previous reading)

Housing Pulse

May 2020

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 8%
Stay more or less the same
30%
Decrease
1% to 5% 22%
> 5% 32%

Balance -33%

(+4 on previous reading)

Housing Pulse

May 2020

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 14%
Stay more or less the same
22%
Decrease
1% to 5% 31%
> 5% 24%

Balance -27%

(0 on previous reading)

Housing Pulse

May 2020

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 7%
Stay more or less the same
29%
Decrease
1% to 5% 30%
> 5% 26%

Balance -32%

(-1 on previous reading)

Housing Pulse

May 2020

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 15%
Stay more or less the same
43%
Decrease
1% to 5% 19%
> 5% 14%

Balance -10%

(+1 on previous reading)

Housing Pulse

May 2020

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 5%
1% to 5% 14%
Stay more or less the same
35%
Decrease
1% to 5% 22%
> 5% 19%

Balance -18%

(-1 on previous reading)

Housing Pulse

May 2020

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 8%
1% to 5% 12%
Stay more or less the same
41%
Decrease
1% to 5% 21%
> 5% 15%

Balance -11%

(-1 on previous reading)

Housing Pulse

May 2020

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 19%
Stay more or less the same
47%
Decrease
1% to 5% 15%
> 5% 9%

Balance -1%

(+9 on previous reading)

Housing Pulse

May 2020

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 2%
1% to 5% 13%
Stay more or less the same
55%
Decrease
1% to 5% 14%
> 5% 12%

Balance -11%

(-6 on previous reading)