House Prices in Ireland - Property Market Reports

House Prices in Ireland: What is the Outlook for 2008?
Find out the views of some of the leading pundits and we give our 5 cents worth too.

Permanent TSB House Price Index (March 3rd 2008)

• National house price reduction of 0.7% in January - a smaller reduction than that recorded in each of the last three months of 2007.
• Measuring the rate of growth in the 12 months (year on year) to January, national prices were down by 8.1%.
  
• Commenting on the results, Niall O'Grady, Head of Marketing, permanent tsb bank said: "The rate of national house price reduction slowed in January compared to the experience in the final months of 2007. There is mounting evidence that sellers are adjusting to more realistic asking prices and buyers are getting better value."
  

» Read a summary of the report

MyHome.ie / NCB Property Barometer : Quater 4 2007 (February 7th 2008)

• The Report tracks the trends in Asking Prices against trends in actual sale Prices and shows that over the last 12 months the fall in Sale Prices has consistently exceeded the more modest drop in Asking prices.
  
  
• What that suggests to us, is that you should make offers significantly lower than property asking prices
  

» Download the report

Permanent TSB / ESRI : 2007 Full Year Review (February 1st 2008)

• Year-end edition (2007) of permanent tsb / ESRI House price index published
  
• Prices nationally declined by 7.3% compared to growth of 11.8% in 2006
• Price reduction in second half stronger than that in first half.
• Price reduction highest in Dublin (-7%) compared to Outside Dublin (- 6.4%)
• Prices for existing houses (- 9.0%) decline more than prices for new house (- 4.1%).

» Download the report

Daft Report: Year in Review (January 10th 2008)

• Daft.ie's figures show that asking prices were static in 2007
  
• ESRI/permanent tsb index shows that closing house prices fell steadily throughout the year
• These two trends together mean that sellers can no longer expect to achieve 5-10% more than their asking price, as they might have up to late 2006
• Now at the start of 2008 sellers are typically expecting 5-10% less than their asking price.

» Download the report » Visit the Daft Blog

CB Richard Ellis Outlook 2008 (January 8th 2008)

• The report examines the potential for performance in each sector of the commercial property market in Ireland as well as commenting on the prospects for the new homes market and overseas investment markets over the next 12 months.
• Upbeat about Commercial Property in 2008
• Residential Sector will remain stagnant, particularly in the first 6 months of 2008.

» Read a summary of the report

AIB Irish Housing Market Bulletin (January 8th 2008)

• House completions are down 40% yoy to November
• Rents continue to increase
• Mortgage drawdowns fall in all sectors, except remortgaging, where there was a slight increase.

» Read the report

Sherry Fitz House Price Index (January 2nd 2008)

• Average second-hand house prices in Ireland fell by 2.4% during the final quarter of 2007, with the results for the year down 6.8%.
• However, if one excludes the Dublin market from the analysis, the figures show a more moderate price reduction with prices falling by 2.1% during the fourth quarter and 3.1% in the year

» Read more on their website

Permanent TSB House Price Index (December 20th 2008)

• National house prices decline by 1.1% in November
• Average decline of 5.9% in the last 12 months

» Read more on their website

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House Prices in Ireland: What is the Outlook for 2008?
Find out the views of some of the leading pundits and we give our 5 cents worth too.