Tag Archives: CSO

From the Central Statistics Office’s Residential Property Price Index June 2019 report (click to enlarge)

The Central Statistics Office reports:

Residential property prices increased by 2.0% nationally in the year to June. This compares with an increase of 2.6% in the year to May and an increase of 11.9% in the twelve months to June 2018.

In Dublin, residential property prices rose by 0.1% in the year to June, with house prices unchanged and apartments rising by 0.1%. The highest house price growth in Dublin was in South Dublin at 3.6%, while Dun Laoghaire-Rathdown saw a decline of 4.0%.

Residential property prices in Ireland excluding Dublin were 3.9% higher in the year to June, with house prices up by 3.6% and apartments by 6.1%.

The region outside of Dublin that saw the largest rise in house prices was the Border at 14.7%, while the Mid-East recorded a decline of 0.1%.

Property prices nationally have increased by 83.0% from their trough in early 2013. Dublin residential property prices have risen 92.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 81.1% higher than at the trough, which was in May 2013.

Residential property prices rise by 2.0% in the year to June (CSO)

Related: Property price growth cools to six-year low of 2% (The Irish Times)

Top pic: Rollingnews

 

Minister for Housing Eoghan Murphy

Summary of new report on ‘new dwelling completions’ from the Central Statistics Office; tweet from Taoiseach Leo Varadkar

This morning.

New figures from the Central Statistics Office state there were 4,275 “new dwelling completions” in the first quarter of this year.

According to the CSO the figure “is based on the number of domestic dwellings connected by the ESB Network to the electricity supply and may not accord precisely with Local Authority or Eircode Routing Key boundaries”.

Over the same period last year, there were 3,470 such completions.

Meanwhile…

And…

Daft.ie’s report from earlier this week on the first quarter of this year and the rental market stated:

“…the level of supply needed for rents to not change is about 13,000 per quarter, or 1,000 per week. Currently, the Dublin market is getting half that – about 500 per week.

“To close that gap, Dublin needs to build tens of thousands more rental homes. How many depends on how frequently these change tenants.

“Suppose the average tenancy last three years, which is somewhat shorter than is currently the case (and thus lowering the total number of homes needed).

“In that case, Dublin would need build an extra 500 rental homes to come on the market each week for those full three years, to close the gap between the 500 that are coming on and the 500 that are needed.

“That’s almost 80,000 rental homes that Dublin needs to build, as soon as possible.”

Read the CSO report in full here

From the Central Statistics Office

This morning.

The Central Statistics Office published its results from a survey on income and living conditions in Ireland in 2017.

It found the mean annual household disposable income in 2017 was €48,476 which represents a 4.7% increase on the 2016 figure of €46,310.

It also reported:

The at risk of poverty rate, which is the share of persons whose equivalised income was less than 60% of the national median equivalised income, was 15.7% compared with 16.2% in 2016. This change is not statistically significant.

Enforced deprivation is defined as not being able to afford two or more deprivation indicators; such as keeping the home adequately warm or buying presents for family/friends at least once a year. The percentage of people considered to be experiencing enforced deprivation was 18.8%, down from 21.0% in 2016; this is a statistically significant change.

The most common types of deprivation experienced by Irish households were an inability to afford to replace worn out furniture (20.4%), to afford to have family or friends for a drink or a meal once a month (13.9%) and to afford a morning, afternoon or evening out in the last fortnight (13.2%).

Finally, the consistent poverty rate which includes those persons who are defined as being both at risk of poverty and who are also experiencing enforced deprivation, was 6.7%. This is also a statistically significant change on the 2016 figure of 8.2%.

Read the report in full here

This morning.

The Central Statistics Office announces:

Ireland exported €123 billion of goods in 2017 and imported €79 billion. We exported €17 billion more to the USA than we imported in 2017.

The UK was our largest import partner in 2017 at €18.8 billion and was also our largest partner for both exports (€4.6 bn) and imports (€3.7bn) of food and drinks.

In total, Ireland exported €12.3 billion and imported €7.7 billion of food and drinks in 2017.

We imported 20kg of bananas, 13kg of apples, 10kg of onions and 7kg of carrots for every person in Ireland.

Ireland’s trade in goods in 2017 (CSO)

Boarded up homes on Connaught St, Phibsboro earlier this year

You may recall how the Census 2016 figures which showed 183,312 vacant houses in Ireland – excluding vacant holiday homes.

And how Taoiseach Leo Varadkar said last week that:

“…the numbers [of houses] that are really vacant are actually much smaller than any of the figures show.

And the Irish Times reporting last week:

“… the real number of unoccupied houses and apartments might only be a tiny fraction of that, if the results of an investigation carried out by Fingal County Council are replicated elsewhere.

Its study, which involved council officials visiting houses listed as vacant, found that only a very small number of houses in the north county Dublin authority area (perhaps only 50 or 60) were genuinely unoccupied, compared with the 3,000 figure stated for Fingal in the official census returns.”

Rob Kitchin, on his Ireland After Nama blog, has looked at this story, acknowledging he couldn’t locate the Fingal County Council report or press release.

Mr Kitchin is a Professor of Human Geography and Director of the National Institute of Regional and Spatial Analysis at the National University of Maynooth

He writes:

“What is reported in the IT is:

‘The council initially conducted a desktop exercise on the 3,000 supposedly vacant properties. When commercial properties, as well as those in construction or in the planning process, were eliminated the figure fell to 361 properties.’  They then visited 74 of the 361 homes to check on occupancy, though it’s not stated how those 74 were sampled. 

Of those 74 visited, they discovered that only 13 were actually vacant. In other words, rather than having a vacancy rate of 5% (as reported in the 2016 census – 4,944 vacant units + 289 holiday homes), they have a rate of about 1% – far below what might be an expected base vacancy level of 6% (there are always some units vacant due to selling, gaps between renting, working temporarily elsewhere, people in healthcare, etc.). 

I have no doubt in the 18 months since the census in April 2016 properties that were vacant will have been occupied, however it seems unlikely that vacancy is so far below base vacancy, which is what the IT piece seems to be suggesting.

“In terms of method it is unlikely that the CSO shared the individual addresses of vacant properties as identified in the census with Fingal.

“But if they were working from census data then it does not include commercial properties, nor properties under-construction, or in the planning process, or derelict.

“So removing those properties from census counts would make no sense – they were never counted by the CSO. Indeed, in a rebuttal story in the Irish Times, the CSO stand over their data and method – which is to send enumerators to every property in the country, to visit upwards of ten times if they fail to get an answer, and to talk to neighbours to try and ascertain the use status.

“…In my view, there needs to be a branch-and-root review of property data in Ireland.

“This needs to start with asking the question: what data do we need to generate to best understand planning, housing, commercial property, infrastructure need, etc?

“…With good quality data that people trust we might avoid different agencies producing wildly estimates of some element of housing or commercial property, such as vacancy rates, and we would greatly aid our planning and economic development.

“However, if we carry on as we are, we’re going to continue to fly half-blind and only have a partial or flawed understanding of present conditions and we are going to replicate mistakes of the past.”

We still need better property data (Rob Kitchin, Ireland After Nama)

Thanks Mel Reynolds

The Central Statistics Office writes:

In the year to July, residential property prices at national level increased by 12.3%. This compares with an increase of 11.5% in the year to June and an increase of 7.1% in the twelve months to July 2016.

In Dublin, residential property prices increased by 12.7% in the year to July. Dublin house prices increased 12.6%. Apartments in Dublin increased 12.0% in the same period. The highest house price growth was in Dublin City, at 13.6%. In contrast, the lowest growth was in Fingal, with house prices rising 7.4%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 11.7% higher in the year to July. House prices in the Rest of Ireland increased 11.8% over the period. The West region showed the greatest price growth, with house prices increasing 15.8%.  The Mid-West region showed the least price growth, with house prices increasing 8.2%. Apartment prices in the Rest of Ireland increased 13.7% in the same period.

Residential Property Price Index July 2017 (CSO)

This morning.

The Central Statistics Office released new figures in relation to the movement of the population within Ireland.

It reports:

In April 2016, 44% of the State’s total urban population lived in Dublin, while 11% lived in CorkSligo was the county with the biggest change in the rate of urbanisation, increasing from 37% to 40% over the five years.  Forty-one towns had a population of 10,000 or more, with 27 in Leinster, nine in Munster, three in Connacht and two in the three Ulster counties.  62.7% of the population lived in urban areas in April 2016.

37.3% of the population lived in rural areas in April 2016.  The largest rural population increase was in County Cork with 6,946 persons followed by Kildare which saw its rural population increase by 4,025 persons.

Drogheda, with a population of 40,956 (up 6.2% since April 2011) remained the largest town in Ireland.  Swords (39,248) and Dundalk (39,004) complete the top three.  Ennis (25,276 persons) remained the largest town in Munster.

Sligo with 19,199 persons was Connacht’s largest town, while Letterkenny (19,274 persons) was the largest town in the three Ulster counties.  The latter three towns experienced a slight decline in population since April 2011.

263,551 usual residents (aged one year and over) moved in the year up to April 2016, down 3.5% on the 2011 figure of 273,239.  Of these, 94,182 moved in Dublin, with 18,716 moving out of the county.  The top destinations were Kildare, Meath and Wicklow.  The number of households moving in the year up to April 2016 fell by 4% to 110,204.

Read the full report here

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From the Central Statistics Office…

In the year to February, residential property prices at national level increased by 10.7%. This compares with an increase of 8.1% in the year to January and an increase of 5.4% in the twelve months to February 2016.

In Dublin, residential property prices increased by 8.3% in the year to February. Dublin house prices increased 8.1%. Whereas apartments increased 9.1% in the same period. The highest house price growth was in Dublin City, at 9.2%. In contrast, the lowest growth was in Fingal, with house prices rising just 3.7%.

Residential property prices in the Rest of Ireland (i.e. excluding Dublin) were 13.2% higher in the year to February. House prices in the Rest of Ireland increased 13.1% over the period. The West region showed the greatest price growth, with house prices increasing 19.8%.  In contrast, the Mid-East region showed the least price growth, with house prices increasing 9.3%. Apartment prices in the Rest of Ireland increased 13.9% in the same period.

Residential Property Price Index February 2017 (CSO)

Flipping Hell

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A letter sent from the Central Statistics Office to Eurostat on July 25, 2015

Ken Foxe, in yesterday’s Sunday Times, reported:

“A reference to plans for the future privatisation of Irish Water was removed from a Eurostat letter explaining its classification of the water utility following a request from the Central Statistics Office (CSO). The reference, which could have proved highly embarrassing to the government, was in a preliminary letter sent by the European statistics agency to the CSO last July.”

“Eurostat had, in its original letter, said the “privatisation of Irish Water is ultimately envisaged” although ownership of the infrastructure could only be changed by referendum. However, the CSO asked that the reference to privatisation be removed, according to correspondence obtained by The Sunday Times following a document request to Eurostat.”

Meanwhile, Senan Molony, in today’s Irish Daily Mail [not online], reports:

“Irish Water has declined to say how many households have cancelled their direct debits since the firm admitted fewer than half had paid the first round of bills in summer. Instead the utility is insisting new direct debits are being taken out all the time.”

“Anti-water charges activists, however, claim their sources in the company are maintaining that up to one fifth of direct debt mandates originally set up by householders are no longer functioning in relation to the second billing period.”

Asked about a suggestion that possibly 19 per cent of direct debit mandates have been cancelled, Irish Water acknowledged customers could ‘change their minds’ but would not confirm how many cancellations have been made.”

Related: Irish Water silence on cancelled water payments (Fiachra Ó Cionnaith, Irish Examiner)