Residential Property Price Index June 2012 - CSO

Jun 11, 2012 - The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell ...... The RPPI is compiled using data on mortgage drawdowns provided on a monthly basis by 8 of the ... direct price comparisons difficult.
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An Phríomh-Oifig Staidrimh Central Statistics Office

24 July 2012

Residential Property Price Index June 2012

Residential Property Price Index 140 130 120 110 100 90 80 70 60 50 Jun 05

Jun 06

Jun 07

Jun 08

Jun Jun 09 10

Jun 11

Jun 12

National Excluding Dublin

Residential Property Price Index

Apr 2012 May 2012 Jun 2012

Price Index (Jan 2005 =100)

Monthly % change

Annual % change

65.4 65.5 64.8

-1.1% +0.2% -1.1%

-16.4% -15.3% -14.4%

Residential Property Prices fall by 14.4% in the year to June In the year to June, residential property prices at a national level, fell by 14.4%. This compares with an annual rate of decline of 15.3% in May and a decline of 12.9% recorded in the twelve months to June 2011. See Table 1.

Dublin

Residential property prices fell by 1.1% in the month of June. This compares with an increase of 0.2% recorded in May and a decline of 2.1% recorded in June of last year. See Table 1. Published by the Central Statistics Office, Ireland. Ardee Road Dublin 6 Ireland

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In Dublin residential property prices fell by 1% in June and were 16.4% lower than a year ago. Dublin house prices decreased by 0.8% in the month and were 16.4% lower compared to a year earlier. Dublin apartment prices were 17.9% lower when compared with the same month of 2011. See Tables 6, 7 and 8. The price of residential properties in the Rest of Ireland (i.e. excluding Dublin) fell by 1% in June compared with a decline of 1.9% in June last year. Prices were 13.5% lower than in June 2011. See Table 4. Overall Decline House prices in Dublin are 56% lower than at their highest level in early 2007. Apartments in Dublin are 62% lower than they were in February 2007. Residential property prices in Dublin are 57% lower than at their highest level in February 2007. The fall in the price of residential properties in the Rest of Ireland is somewhat lower at 47%. Overall, the national index is 50% lower than its highest level in 2007. See Tables 7, 8, 6, 4 and 1.

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Table 1

National - all residential properties Percentage changes

Period

RPPI current base Jan. 2005 = 100

1 month

3 months

12 months

%

%

%

2005 2006 2007 2008 2009 2010 2011

Year Year Year Year Year Year Year

104.6 119.8 130.0 122.3 99.9 86.8 75.4

2005

January February March April May June July August September October November December

100.0 100.4 100.6 101.3 102.0 102.9 104.3 105.9 107.2 109.0 110.0 111.5

0.4 0.2 0.7 0.7 0.9 1.4 1.5 1.2 1.7 0.9 1.4

1.3 1.6 2.3 3.0 3.8 4.2 4.5 3.9 4.0

2006

January February March April May June July August September October November December

111.8 112.6 113.1 114.6 116.8 119.0 121.3 123.5 125.1 126.0 126.1 127.3

0.3 0.7 0.4 1.3 1.9 1.9 1.9 1.8 1.3 0.7 0.1 1.0

2.6 2.4 1.4