Real Residential Property Prices for Ireland
QIER628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.24
Year-over-Year Change
6.01%
Date Range
1/1/1970 - 1/1/2025
Summary
The Real Residential Property Prices for Ireland index measures the change in residential property prices adjusted for inflation. This important indicator provides insights into the health of the Irish housing market and consumer confidence.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Residential Property Prices for Ireland index tracks the evolution of house prices in the country, accounting for general price level changes. It serves as a benchmark for assessing the affordability and investment dynamics of the Irish residential real estate sector.
Methodology
The data is collected and calculated by the Bank for International Settlements using a weighted-average methodology.
Historical Context
Policymakers and investors closely monitor this index to gauge the state of the Irish economy and make informed decisions.
Key Facts
- Ireland's real residential property prices have risen by over 60% since 2013.
- The index is a valuable tool for tracking housing affordability in Ireland.
- Policymakers use this data to assess the need for interventions in the housing market.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for Ireland index measures the change in residential property prices in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the health of the Irish housing market, consumer confidence, and the overall state of the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements using a weighted-average methodology.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor this index to gauge the state of the Irish economy and make informed decisions about housing policies and investments.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a slight delay, and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Ireland (QIER628BIS), retrieved from FRED.