CSO Residential Property Price Index - megathread


#2301

Monthly CSO results are out. I see they’ve gone to median instead of mean for average prices by Eircode

cso.ie/en/csolatestnews/pres … riceindex/

My usual analysis to follow. They have it as 12% increases annually across the board


#2302

So Dublin prices up 12.7% in the year to July17. Nearly double that of 12 months ago.
Not good


#2303

Pepends if you are a property owner or not.


#2304

I’m a property owner and I also have kids who I’d like to one day become the same without having to move out of Leinster.
So I’ll stand by my ‘not good’ comment


#2305

Dublin house prices are now highest since May 2005 (when prices were rising) and Feb 2009 (when prices were falling)


#2306

It’s still bad for most property owners; many will want to trade up at some point (which gets more expensive as prices rise), and property tax will be revalued to some semblance of reality sooner or later…


#2307

CSO Residential Property Price Index – July 2017 & Overall figures:

cso.ie/en/releasesandpublica … xjuly2017/

Notes:

  1. Per the official PPR there were 49,473 Property Purchases in 2016 as at 12/09/17.
    Per BPFI there were 27,416 Mortgage Drawdowns in 2016. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 44.6% of all Sales were Cash purchases to date in 2016.
    This compares to 47.7% cash sales in 2015, 50.8% in 2014 and 52.3% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2308

I know it has symbolic significance only, but the just-released index for August shows the Dublin residential market hitting the 100 level (and Dublin houses at 104) for the first time since the crash. The index is arbitrarily normalised to Jan 2005. So we just have a bit to go to regain the heady heights of total bubble territory. At current rates it will take another three years to grow the last 35 points, instead of the 18 months it took last time.

But sure as shit, we’re getting there! 8DD XX


#2309

Dublin residential prices in September’s RPPI are just a notch away from 2008 levels … currently matching January 2009.


#2310

id have thought they are considerably above 2008 levels as the drop by end of 2008 was at least 35% from the peak of spring 2007


#2311

Forgot to post this last month…

CSO Residential Property Price Index – August 2017 & Overall figures:

cso.ie/en/releasesandpublica … ugust2017/

Notes:

  1. Per the official PPR there were 23,292 Property Purchases in Q1-Q2 2017 as at 17/10/17.
    Per BPFI there were 13,958 Mortgage Drawdowns in Q1-Q2 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 40.1% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.6% cash sales in 2017, 47.7% cash sales in 2015, 50.8% in 2014 and 52.3% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2312

CSO Residential Property Price Index – September 2017 & Overall figures:

cso.ie/en/releasesandpublica … ember2017/

Notes:

  1. Per the official PPR there were 37,344 Property Purchases in Q1-Q3 2017 as at 09/11/17.
    Per BPFI there were 22,852 Mortgage Drawdowns in Q1-Q3 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 38.8% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.6% cash sales in 2017, 47.7% cash sales in 2015, 50.8% in 2014 and 52.3% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2313

CSO Residential Property Price Index – October 2017 & Overall figures:

cso.ie/en/releasesandpublica … tober2017/

Notes:

  1. Per the official PPR there were 37,633 Property Purchases in Q1-Q3 2017 as at 11/1/18.
    Per BPFI there were 22,852 Mortgage Drawdowns in Q1-Q3 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 39.3% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.7% cash sales in 2017, 47.8% cash sales in 2015, 50.8% in 2014 and 52.4% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2314

CSO Residential Property Price Index – November 2017 & Overall figures:

cso.ie/en/releasesandpublica … ember2017/

Notes:

  1. Per the official PPR there were 37,633 Property Purchases in Q1-Q3 2017 as at 11/1/18.
    Per BPFI there were 22,852 Mortgage Drawdowns in Q1-Q3 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 39.3% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.7% cash sales in 2017, 47.8% cash sales in 2015, 50.8% in 2014 and 52.4% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2315

CSO Residential Property Price Index – December 2017 & Overall figures:

cso.ie/en/releasesandpublica … ember2017/


Notes:

  1. Per the official PPR there were 37,717 Property Purchases in Q1-Q3 2017 as at 15/2/18.
    Per BPFI there were 22,852 Mortgage Drawdowns in Q1-Q3 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 39.4% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.7% cash sales in 2017, 47.8% cash sales in 2015, 50.8% in 2014 and 52.4% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2316

CSO Residential Property Price Index – January 2018 & Overall figures:

cso.ie/en/releasesandpublica … nuary2018/

Notes:

  1. Per the official PPR there were 54,140 Property Purchases in 2017 as at 14/3/18.
    Per BPFI there were 32,514 Mortgage Drawdowns in 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 39.9% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.7% cash sales in 2017, 47.8% cash sales in 2015, 50.8% in 2014 and 52.4% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2317

CSO Residential Property Price Index – March 2018 & Overall figures:

cso.ie/en/releasesandpublica … rppi/rppi/


Notes:

  1. Per the official PPR there were 54,283 Property Purchases in 2017 as at 9/5/18.
    Per BPFI there were 32,514 Mortgage Drawdowns in 2017. See here for details viewtopic.php?f=4&t=26451&p=814001
    Therefore 40.1% of all Sales were Cash purchases to date in 2017. This % usually increases slowly over time as the PPR is updated with stamp duty records.
    This compares to 44.7% cash sales in 2017, 47.8% cash sales in 2015, 50.8% in 2014 and 52.4% in 2013.

  2. As of September 2016 the Index has been updated to now cover all market purchases of houses and apartments by households, both cash and mortgage-based transactions. All previous figures have been revised using this new method to January 2005.
    In August 2017, the index was further revised back to Jan 2010. Those figures are used above.
    cso.ie/en/releasesandpublica … ijune2017/

  3. This index is a lagging indicator of the Irish mortgage market. These houses were probably Sale Agreed 3-6 months ago, depending on how long it took for the sale to go through. So it may no longer be reflective of current market conditions.


#2318

April 2018 figures are out today. I’ll post by usual tables later.

Interesting to see Dublin houses prices perhaps reaching a plateau:

CSO table HPM06

2017M11 107.1
2017M12 107
2018M01 107.9
2018M02 109.4
2018M03 109.4
2018M04 109

Prices have not risen since Jan, with 2 drops in 6 months


#2319

Dublin property prices up 90% since Feb 2012!


#2320

A lot done but more to do :slight_smile: