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Housing Pulse

Housing Pulse

August 2020

The Housing Pulse gained further ground in August 2020, coming in at 58.2. This was up 7.8 on last month’s reading – bucking the broader trend – but was down 23.8 on a year ago. The share of households expecting house prices to rise over the coming year ticked up to three in ten this month (from a quarter in July), while the share anticipating a fall edged lower (to 32% from 37%), leaving the balance of positive and negative responses only marginally in the red. On the rental front, expectations stayed in positive territory in August.

Housing Pulse

August 2020

Key Points

  • Housing Pulse up in August
  • Three in ten think house prices will rise in the next 12 months
  • Two in five expect rents to increase

Housing Pulse

August 2020

Housing Pulse

August 2020

58.2

+7.8 on previous index reading

Housing Pulse

August 2020

”The increase in the Housing Pulse this month bucked the broader trend of softening sentiment.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

August 2020

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 13%
1% to 5% 19%
Stay more or less the same
34%
Decrease
1% to 5% 20%
> 5% 13%

Balance -1%

(+7 on previous reading)

Housing Pulse

August 2020

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 15%
1% to 5% 18%
Stay more or less the same
28%
Decrease
1% to 5% 23%
> 5% 14%

Balance -2%

(+9 on previous reading)

Housing Pulse

August 2020

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 13%
1% to 5% 20%
Stay more or less the same
35%
Decrease
1% to 5% 20%
> 5% 11%

Balance +2%

(+13 on previous reading)

Housing Pulse

August 2020

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 14%
1% to 5% 19%
Stay more or less the same
36%
Decrease
1% to 5% 18%
> 5% 12%

Balance +2%

(+7 on previous reading)

Housing Pulse

August 2020

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 6%
1% to 5% 21%
Stay more or less the same
40%
Decrease
1% to 5% 16%
> 5% 15%

Balance -6%

(-1 on previous reading)

Housing Pulse

August 2020

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 14%
1% to 5% 26%
Stay more or less the same
41%
Decrease
1% to 5% 10%
> 5% 7%

Balance +15%

(+4 on previous reading)

Housing Pulse

August 2020

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 16%
1% to 5% 23%
Stay more or less the same
33%
Decrease
1% to 5% 14%
> 5% 10%

Balance +10%

(+10 on previous reading)

Housing Pulse

August 2020

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 17%
1% to 5% 20%
Stay more or less the same
47%
Decrease
1% to 5% 9%
> 5% 4%

Balance +18%

(+3 on previous reading)

Housing Pulse

August 2020

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 11%
1% to 5% 29%
Stay more or less the same
43%
Decrease
1% to 5% 10%
> 5% 6%

Balance +14%

(-2 on previous reading)

Housing Pulse

August 2020

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 11%
1% to 5% 33%
Stay more or less the same
44%
Decrease
1% to 5% 3%
> 5% 6%

Balance +19%

(+2 on previous reading)