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House Price Index

Latest Report: Latest edition of permanent tsb / ESRI House price index - June 2007

  • Review of house prices during the first half of 2007 reveal decline in national prices of 2.6% since start of the year.
  • Prices decline in June by 0.5%

Strict Embargo: 11.00pm Friday 10th August 2007. National house prices in Ireland declined by 2.6% in the first six months of 2007 according to the latest edition of the permanent tsb / ESRI House Price Index. The index – published today – measures the movement of house prices over the first six months of the year.

In June, the index records that the average price paid for a house in Ireland in June was euro1,561 less than that paid the previous month (May); a reduction in national prices of 0.5% in the month. This follows the reduction in national house prices of 0.8% in May and April and 0.6% in March.

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permanent tsb's Index of House Prices is based on monthly mortgage sales in the Republic of Ireland which allows the company to compile comprehensive representative data on house prices and their movement.

House Price Index Image

With a market share greater than one-fifth of residential lending permanent tsb is in an ideal position to gather and analyse this data, and develop a statistically robust and authoritative record on the movement of house prices in Ireland.

This Index has been developed in conjunction with the Economic and Social Research Institute (ESRI).