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Estimates Revision: Ireland subnational - House prices and HPI
Thursday, 29 Aug 2019 12:11 ET
By Richard Grim
Summary
August 2019 -- For reasons of data availability, we have changed the benchmark used in our estimates of house prices and price indexes for subnational areas in Ireland (28 quarterly series revised from 1975).
Detail

Motivation: In October 2018, the Central Statistics Office of Ireland (CSO) terminated three residential real estate datasets. In August 2019, we obtained CSO's replacement dataset of transactions in existing dwellings.

Response: We adapted our methodology to available data.

  • Before: For all areas, benchmark to average house price (this dataset has been terminated).
  • After: For the country, benchmark to the reported average house price. For subnational areas, estimate house price using the reported value and volume of sales.

What you will see: Revised over the interval 1975 to 2018, at current and constant prices, at all geo levels.

Properties

  • Measurements:
    • Euros at current-year (EUR) or constant year-2010 prices (2010 EUR)
    • Value index relative to 2010 (Index 2010=100) or volume (i.e., inflation-adjusted) index (Vol. Index 2010=100)
  • Geo coverage: Country, five of eight NUTS 3 areas, one metro area
  • Native frequency: Quarterly
  • Start dates: 1975Q1 (country) and 1978Q1 (subnational)

The estimates reside in the historical catalog (Ireland » Sources: Multi-national » Real Estate » Residential » House prices » Moody's Analytics Estimated) and include, for example:

  • RHPL$Q.IIRL_WST = Average house prices, (2010 EUR, SA) - for West (NUTS 3) 
  • RHPIQ.IIRL      = House price index, (Index 2010=100, SA)
  • RHPI$Q.IIRL_DBL = House price index, (Vol. Index 2010=100, SA) - for Dublin

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

See also

Other
Related ReleaseHouse Price Index
SourceMoody's Analytics (ECCA)
FrequencyQuarterly
GeographyIreland
Upcoming
Release DateReference date
18 Apr 20241Q 2024
16 May 20241Q 2024