Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population4.85 million4.81 million4.76 million
    WDI
    		A.1.1
    Total number of householdsNot availableNot available1.7 million
     
    		A.1.2
    Average household sizeNot available2.702.75
    Central Statistics Office
    		A.1.3
    Urban population (% of total)63.17% of total62.95% of total62.74% of total
    WDI
    		A.1.4
    Urban population growth (annual %)1.31%1.42%2.5%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)382,754 USD (millions)335,211 USD (millions)293,605 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)389,019 USD (millions)350,659 USD (millions)324,900 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)78,334.87 USD 69,462.9 USD 62,562.27 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)79,617.06 USD 72,664.15 USD 69,230.82 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)8.3%8.14%3.66%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change).8%.5%-.2%
    WEO
    		A.2.6
    GDP, deflator (Index)100.83100.06103.56
    WEO
    		A.2.7
    Consumer price index105.59105.08104.74
    WDI
    		A.2.8
    GINI IndexNot availableNot available32.80
    WDI
    		A.2.9
    Median national annual household income50,429.41 USD 44,380.9 USD Not available
    Central Statistics Office
    		A.2.10
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed5.74%6.71%8.37%
    WDI
    		A.2.14.3
    Interest Rates:A.2.15
    Yield on 10-year Government bondNot available.95%.74%
    IFS
    		A.2.15.3
    Average bank deposit rateNot availableNot availableNot available
    IFS
    		A.2.15.4
    Lending rateNot availableNot available8.9%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    TotalNot availableNot available2.02 million
    Central Statistics Office
    		B.1.1.1
    Percentage of vacant unitsNot availableNot available12.3% of total
    Central Statistics Office
    		B.1.2
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units70.3% of total69.5% of total69.5% of total
    EuroStat
    		B.1.4.1
    % of owner units with a mortgage32.4% of total31.8% of total32.4% of total
    EuroStat
    		B.1.4.2
    Private rental units12% of total12.5% of total13.4% of total
    EuroStat
    		B.1.4.3
    Public / social rental units18% of total17.7% of total17.1% of total
    EuroStat
    		B.1.4.4
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered17,920 units14,354 units9,882 units
    Central Statistics Office
    		B.1.5.1
    Number of recorded urban housing transactions/year634206008155080
    Central Statistics Office
    		B.1.6
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate10.2%10.9%7.5%
    Central Statistics Office
    		B.2.3.1
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: The Mortgage Allowance Scheme provides a subsidy for those making the transition from social housing to paying a mortgage. The allowance amounts to €11,450 and is paid monthly by the Department of the Environment to the lending agency over five years.
    Notes:
    Notes:
    Notes:
    Notes:
    Notes: "If you got a mortgage for your affordable home from the local authority and your gross household income was less than 28000 Euros, you would be entitled to a subsidy of between 1050 and 2550 Euros per year, paid directly to the local authority."
    Notes: 0.18% for properties valued under EUR 1 million and 0.25% on the amount of the value over EUR 1 million
    Notes: 0.18% for properties valued under EUR 1 million and 0.25% on the amount of the value over EUR 1 million
    Notes: 0.18% on the first 1,000,000 Euro and 0.25% after on the value of home
    Notes: 0.18% on the first 1,000,000 Euro and 0.25% after on the value of home
    Notes: 15% of new lending allowed above the LTV limit
    Notes: 15% of new lending allowed above the LTV limit
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 90% LTV limit for first time buyers
    Notes: 90% up to a value of 220,000 Euros. 15% of new lending above the LTV limit is allowed
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: A Credit Guarantee System was introduced in 2012, aimed for small and medium enterprises. However, activities that involve a financial service to clients, such as a company granting mortgages, are excluded from the scope of the scheme.
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: Capital gains are taxed at a rate of 33%
    Notes: High GDP growth rate due to large multinational corporations moving their production/sales activity to Ireland because of Ireland's low corporate tax rates
    Notes: Household savings
    Notes: Household savings
    Notes: In Jan 2015, the Central Bank announced new regulations that are to be "complementary to the banking regulations. They are not intended to replace lenders' own credit underwriting policies and procedures."
    Notes: In Jan 2015, the Central Bank announced new regulations that are to be "complementary to the banking regulations. They are not intended to replace lenders' own credit underwriting policies and procedures."
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and Consumer Protection Code (2012).
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and Consumer Protection Code (2012).
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and the Consumer Protection Code (2012).
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and the Consumer Protection Code (2012).
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and the Consumer Protection Code (2012).
    Notes: Mortgage lenders are bound by two statutory codes of conduct. These are the Central Bank's Code of Conduct on Mortgage Arrears (2013) and the Consumer Protection Code (2012).
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: National figure, includes non-urban areas
    Notes: Percentage change over 12 months for Residential Property Price Index
    Notes: The Help to Buy incentive applies to first-time buyers of newly built homes costing €500,000 or less. The incentive scheme gives a refund of income tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous 4 tax years.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The ICB was formed in 1965.
    Notes: The Mortgage Allowance Scheme provides a subsidy for those making the transition from social housing to paying a mortgage. The allowance amounts to €11,450 and is paid monthly by the Department of the Environment to the lending agency over five years.
    Notes: The Mortgage Allowance Scheme provides a subsidy for those making the transition from social housing to paying a mortgage. The allowance amounts to €11,450 and is paid monthly by the Department of the Environment to the lending agency over five years.
    Notes: The Rebuilding Ireland Home Loan (introduced in Feb. 2018) is a government-backed mortgage for first-time buyers. Loans are offered at reduced interest rates and one can use them to buy new and second-hand properties, or to build a home. The rates are fixed for the full term of the mortgage.
    Notes: There is a stamp duty tax of 1% on residential properties on up to EUR 1 million. Any amount over that is taxed at a rate of 2%.
    Notes: There is a stamp duty tax of 1% on residential properties on up to EUR 1 million. Any amount over that is taxed at a rate of 2%.
    Notes: There is a stamp duty tax of 1% on residential properties on up to EUR 1 million. Any amount over that is taxed at a rate of 2%.
    Notes: There is a stamp duty tax of 1% on residential properties on up to EUR 1 million. Any amount over that is taxed at a rate of 2%.
    Notes: There is a stamp duty tax of 1% on residential properties on up to EUR 1 million. Any amount over that is taxed at a rate of 2%.
    Notes: Valuation fee