In early 2013, AIB joined forces with the ESRI to generate the Housing Market Index for the Republic of Ireland. The index is a measure of the perception consumers have in relation to the Irish housing market as well as their house price expectations.
The index, which is run on a three month rolling average, is based on a survey of at least 800 people across Ireland per month. While it covers a wide range of topics, the index is generated from answers to three key questions:
Here are the main points from this quarter:
Those who think it is a good time to sell – 32%, up from 31% in Q1 2016.
Those who think there is ‘a great deal of risk in buying today’ – 29%,
which remains unchanged from Q1 2016.
Those who intend to buy in the next two years – 11%, down from 13% in Q1 2016.
Concerns over income and affordability has increased by 1% to 52% in Q2 2016.
Increasing interest rates, changes in house prices and changes in family circumstances are other areas of concern for those surveyed.
Main reasons for not buying (outside of those satisfied with their present home):
Below, you will find some of the key findings links to the main points in the Q2 2016 survey, along with the previous editions.
The information contained is a snapshot of sentiment in the market from the point of view of consumers and should not be taken as a recommendation.
Quarterly AIB/ESRI Housing Market Index Infograph page: