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Housing Pulse

Housing Pulse

December 2021

The Housing Pulse came in at 117.5 in December 2021, up 1.0 on last month’s reading and 35.5 higher than a year ago. With strong demand for accommodation pushing up against insufficient supply, four in five households think house prices will rise next year and seven in ten think rents will go up. While new homes are coming on stream, pandemic and post-Brexit related bottlenecks are impacting construction output, with some three in five builders on the residential side struggling with material and equipment shortages and over two in five facing labour shortfalls.

Housing Pulse

December 2021

Key Points

  • Housing Pulse up in December
  • House price expectations firmly in positive territory
  • Same for rents

Housing Pulse

December 2021

Housing Pulse

December 2021

117.5

+1.0 on previous index reading

Housing Pulse

December 2021

”The Housing Pulse bucked the wider trend, nudging up a touch this month.”

Dr Loretta O'Sullivan
Group Chief Economist
Bank of Ireland

Housing Pulse

December 2021

House Price Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 43%
1% to 5% 37%
Stay more or less the same
15%
Decrease
1% to 5% 2%
> 5% 2%

Balance +59%

(+1 on previous reading)

Housing Pulse

December 2021

House Price Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 47%
1% to 5% 38%
Stay more or less the same
10%
Decrease
1% to 5% 2%
> 5% 0%

Balance +64%

(+2 on previous reading)

Housing Pulse

December 2021

Price Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 38%
1% to 5% 40%
Stay more or less the same
17%
Decrease
1% to 5% 2%
> 5% 2%

Balance +55%

(0 on previous reading)

Housing Pulse

December 2021

House Price Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 44%
1% to 5% 35%
Stay more or less the same
17%
Decrease
1% to 5% 0%
> 5% 2%

Balance +60%

(-2 on previous reading)

Housing Pulse

December 2021

Price Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 40%
1% to 5% 33%
Stay more or less the same
19%
Decrease
1% to 5% 2%
> 5% 3%

Balance +53%

(+4 on previous reading)

Housing Pulse

December 2021

Rent Expectations National

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 31%
1% to 5% 40%
Stay more or less the same
23%
Decrease
1% to 5% 1%
> 5% 1%

Balance +50%

(-1 on previous reading)

Housing Pulse

December 2021

Rent Expectations Dublin

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 31%
1% to 5% 40%
Stay more or less the same
21%
Decrease
1% to 5% 2%
> 5% 0%

Balance +50%

(-6 on previous reading)

Housing Pulse

December 2021

Rent Expectations Rest of Leinster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 28%
1% to 5% 42%
Stay more or less the same
24%
Decrease
1% to 5% 2%
> 5% 0%

Balance +48%

(-1 on previous reading)

Housing Pulse

December 2021

Rent Expectations Munster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 34%
1% to 5% 39%
Stay more or less the same
25%
Decrease
1% to 5% 1%
> 5% 1%

Balance +52%

(+2 on previous reading)

Housing Pulse

December 2021

Rent Expectations Connacht / Ulster

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 5% 34%
1% to 5% 39%
Stay more or less the same
23%
Decrease
1% to 5% 0%
> 5% 2%

Balance +52%

(+3 on previous reading)