+3.6 on previous index reading
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.