Quarterly house price to rent ratio in Ireland 2015-2023
The house price to rent ratio in Ireland has been on a downward trend since 2022, and in the second quarter of 2023, it reached the lowest value recorded since 2017. The house price to rent ratio is calculated by dividing the nominal house prices by rent prices, with 2015 chosen as a base value when the index amounted to 100. An increase in the index value shows that house prices have risen faster than rents, while a decline suggests that rental growth has outpaced house prices appreciation. Ireland's house price to rent ratio averaged above that of the OECD average.
