Tuesday, January 24, 2012

24/1/2012: Residential property prices - 2011 highlights

Latest Residential Property Price Index (RPPI) from CSO posts another monthly decline in the price series and marks deep drops in the property prices in 2011. Here are top of the line figures - end of year readings:

And updated Nama valuations referencing:

So to summarize (note - there will be more detailed analysis of this data coming up in later posts):

  • All properties index is now 31.1% below January 2005 levels
  • Houses are now down 28.3% below January 2005 levels
  • Apartments are now down 46.5% below January 2005 levels
  • Dublin all properties are now down 39.3% below January 2005 levels
  • Rates of decline (monthly) are greater than 1.5% (12mo average) for 3 months in a row for all properties and for houses.

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