CSO Residential Property Price Index – July 2020 & Overall figures:
- Per the official PPR there were 58,695 Property Purchases in 2019 as at 16/9/20.
Per BPFI there were 38,771 Mortgage Drawdowns in 2019. See here for details http://www.thepropertypin.com/viewtopic.php?f=4&t=26451&p=814001
Therefore 33.9% of all Sales were Cash purchases to date in 2019. This % usually increases slowly over time as the PPR is updated with stamp duty records.
This compares to 36.2% cash sales in 2018, 40.8% in 2017, 45.0% in 2016, 47.9% in 2015, 50.8% in 2014 and 52.6% in 2013.
- 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.
- 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.