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Housing Pulse

Housing Pulse

September 2021

At 118.9 in September 2021, the Housing Pulse was up 0.9 on last month’s reading and 56.0 higher than a year ago. While the recently unveiled ‘Housing for All’ plan aims to increase new home completions to an average of 33,000 per annum during this decade, over three in five builders in the residential sector are currently struggling with material and equipment shortages and half are experiencing labour shortfalls, which implies the demand-supply gap will not be closed any time soon. Against this backdrop, 83% of households expect house prices to rise over the coming year and 75% (a series high) think rents will go up.

Housing Pulse

September 2021

Key Points

  • Housing Pulse up in September
  • House price and rent expectations firmly in positive territory
  • Supply headwinds

Housing Pulse

September 2021

Housing Pulse

September 2021

118.9

+0.9 on previous index reading

Housing Pulse

September 2021

”August’s dip looks to have been a blip with the Housing Pulse resuming its upward trajectory this month.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

September 2021

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 42%
1% to 5% 41%
Stay more or less the same
12%
Decrease
1% to 5% 1%
> 5% 2%

Balance +60%

(+1 on previous reading)

Housing Pulse

September 2021

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 42%
1% to 5% 42%
Stay more or less the same
10%
Decrease
1% to 5% 2%
> 5% 4%

Balance +59%

(0 on previous reading)

Housing Pulse

September 2021

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 39%
1% to 5% 46%
Stay more or less the same
12%
Decrease
1% to 5% 1%
> 5% 1%

Balance +61%

(+6 on previous reading)

Housing Pulse

September 2021

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 46%
1% to 5% 37%
Stay more or less the same
13%
Decrease
1% to 5% 1%
> 5% 2%

Balance +62%

(-6 on previous reading)

Housing Pulse

September 2021

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 40%
1% to 5% 40%
Stay more or less the same
15%
Decrease
1% to 5% 1%
> 5% 2%

Balance +58%

(+6 on previous reading)

Housing Pulse

September 2021

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 33%
1% to 5% 42%
Stay more or less the same
22%
Decrease
1% to 5% 1%
> 5% 1%

Balance +53%

(+3 on previous reading)

Housing Pulse

September 2021

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 37%
1% to 5% 39%
Stay more or less the same
20%
Decrease
1% to 5% 1%
> 5% 1%

Balance +55%

(+10 on previous reading)

Housing Pulse

September 2021

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 30%
1% to 5% 43%
Stay more or less the same
24%
Decrease
1% to 5% 2%
> 5% 0%

Balance +50%

(-1 on previous reading)

Housing Pulse

September 2021

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 33%
1% to 5% 43%
Stay more or less the same
21%
Decrease
1% to 5% 1%
> 5% 1%

Balance +54%

(-3 on previous reading)

Housing Pulse

September 2021

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 30%
1% to 5% 44%
Stay more or less the same
22%
Decrease
1% to 5% 1%
> 5% 0%

Balance +52%

(+8 on previous reading)