The house price ratio in Ireland fluctuated between 2012 and 2023. 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 second quarter of 2023 amounted to 117.3, which means that house price growth has outpaced income growth by almost 17 percent since 2015. This was higher than the Euro area 16 average.
House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023
Characteristic
House price to income ratio index
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OECD. (September 14, 2023). House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/
OECD. "House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023." Chart. September 14, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/
OECD. (2023). House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/
OECD. "House Price to Income Ratio in Ireland from 1st Quarter 2012 to 2nd Quarter 2023." Statista, Statista Inc., 14 Sep 2023, https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/
OECD, House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023 Statista, https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/ (last visited July 03, 2024)
House price to income ratio in Ireland from 1st quarter 2012 to 2nd quarter 2023 [Graph], OECD, September 14, 2023. [Online]. Available: https://www.statista.com/statistics/591841/house-price-to-income-ratio-ireland/