House price to income ratio in Ireland 2012-2024, per quarter
The house price to income ratio in Ireland fluctuated between 2012 and 2024. The ratio measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Ireland's index score in the first quarter of 2024 amounted to 116.8, which means that house price growth has outpaced income growth by almost 17 percent since 2015. This was below the average house price to income ratio in the Euro area 16.