Annual Housing
Statistics Bulletin 2003
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post-consumer waste.
Annual Housing
Statistics Bulletin 2003
Incorporating December Quarter 2003
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CONTENTS
Page
Introduction
6-9
Section I - Housing Activity
House completions by sector
10 - 11
Total house completions - by area
12
Private house completions - by area
12
New house guarantee registrations
13
New houses completed - by type
14 - 15
Section II - Housing Loans
Loan approvals and payments:
- All agencies
16 - 17
- Building societies
18
- Banks and other agencies
19
- Local authorities
20
Percentage share of mortgage market
21
Breakdown of mortgage market by annuity and endowment mortgages
22
Breakdown of mortgage market by fixed and variable rate mortgages
23
Ranges of loans paid - Dublin
24
Ranges of loans paid - Whole country
25
Section III - Profile of Borrowers
Previous tenure of borrowers - Dublin
26
Previous tenure of borrowers - Whole country
27
Marital status of borrowers - Dublin
28
Marital status of borrowers - Whole country
29
Ranges of income of borrowers - Dublin
30
Ranges of income of borrowers - Whole country
31
Occupation of borrowers
32
Page
Section IV - House Prices
New and second-hand house prices - chart
33
New house prices
34 - 35
Second-hand house prices
36 - 37
New house prices (excluding apartments)
38
New apartment prices
39
Second-hand house prices (excluding apartments)
40
Second-hand apartment prices
41
Ranges of house prices - Dublin
42
Ranges of house prices - Whole country
43
Price/mortgage interest rates/earnings/cost indices - chart
44
Price/mortgage interest rates/earnings/cost indices
45
House building cost index
46
Section V - Local Authority Voluntary & Co-operative Housing
Summary - total output of social rented housing by local authority area
Local authority housing output - by area
47
48 - 49
Capital loan and subsidy scheme - by area
50
Capital assistance scheme - by area
50
Sale of local authority houses
51
First time lettings by local authorities
52 - 53
Section VI - Affordable & Other Social Housing
Summary
54
Shared ownership-Affordable housing - transactions completed during 2003
55
Shared ownership - by area
56
Affordable housing - by area
56
Part V, Planning and Development Acts 2000 - 2002
57
Mortgage allowance - by area
58
Improvement works in lieu of re-housing - by area
58
Extensions to local authority houses - by area
59
Housing sites - by area
59
Page
Section VII - Accommodation of Travellers at 28 November 2003
60 - 61
Section VIII - Housing Grants
New house grants - approved and paid
62
House improvement grants - approved and paid
62
Disabled persons and essential repairs grants paid
63
Disabled persons grants - activity by area
64
Essential repairs grants - activity by area
64
Section IX - Private Rented Housing
Enforcement of requirements for registration, standards and rent books
65
Registration of houses and landlords
66
Section X - Capital Investment in Housing
Public capital expenditure on housing
67
Capital formation in housing
67
INTRODUCTION
SECTION I - HOUSING ACTIVITY
House Completions
The number of new houses (including apartments) completed in the period since 1999 is given in Section I,
together with a breakdown between the local authority, private and voluntary sectors.
Update
Trends in the completion figures for new houses between the December quarter 2003 and the September quarter
2003 and in 2003 over the previous year are as follows:
Category
Change on
September Quarter'03
Change in year 2003
over year 2002
Total houses
+ 16%
+ 19%
* Private houses
+ 18%
+ 21%
* Local Authority houses
- 9%
+ 3%
Voluntary/non-profit houses
+ 23%
+ 19%
* The breakdown for private and local authority housing is provisional. The local authority figures do not include
houses acquired by the authorities (see pages 47,48 and 49).
New House Guarantee Registrations
Section I also sets out details on the number of new houses registered under a building guarantee product –
HomeBond and Premier Guarantee are currently the two products available in the Irish residential market (the latter
since 2002). While not all new houses are registered under a building guarantee product, these figures serve as a
useful indicator of future house building activity.
SECTION II - HOUSING LOANS
Section II provides details of the number and value of loans approved and paid since 1999. The information is
broken down between the following categories; banks and other agencies, building societies and local authorities.
A breakdown between annuity and endowment mortgages, fixed and variable interest rate mortgages and a
percentage breakdown of the range of house loans paid is also given.
Update
The changes in the number of loans approved and paid by all agencies between the December quarter 2003 and
the September quarter 2003 and in 2003 over the previous year are as follows:
Number of:
Change on
September Quarter'03
Change in year 2003
over year 2002
Loans Approved
- 5%
+ 5%
Loans Paid
+21%
+ 7%
Page 6 - Housing Statistics Bulletin
SECTION III - PROFILE OF BORROWERS
Section III gives a profile of borrowers in relation to previous tenure, marital status, income and occupation.
SECTION IV - HOUSE PRICES
The house price figures shown in Section IV of the Bulletin are average prices for the quarter or year as the case
may be, and are derived from the data supplied by the mortgage lending agencies on loans approved by them. In
comparing house price figures from one period to another, account should be taken of the fact that changes in the
mix of houses and apartments to which the data relates affect the average figures. Prices are shown for the whole
country, the five main urban areas (Cork, Dublin, Limerick, Waterford and Galway) and for other areas of the
country. Average prices are also shown separately for houses and apartments. A percentage breakdown of the
ranges of house prices is also provided.
Update
The changes in average house prices in the year 2003 compared to 2002, between the December quarter 2003 and
the September quarter 2003 and between the December quarter 2003 and the corresponding quarter in 2002 are
as follows:
House type
and area
2003 on
2002
Dec. Qtr’03 on
Sept. Qtr’03
Dec. Qtr’03 on
Dec. Qtr’02
New House Prices
Nationally
Dublin Area
+13.4 %
+13.9%
+4.6%
+2.7%
+13.9%
+13.5%
Second-hand Houses Prices
Nationally
Dublin Area
+16.3%
+19.5%
+4.3%
+6.4%
+15.3%
+17.0%
SECTION V - LOCAL AUTHORITY VOLUNTARY AND CO-OPERATIVE HOUSING
Details in relation to local authority housing, voluntary and co-operative housing, sale of local authority houses and
first time lettings are shown in Section V.
Page 7 - Housing Statistics Bulletin
SECTION VI - AFFORDABLE & OTHER SOCIAL HOUSING
Activity under affordable and other social housing such as shared ownership, Part V, Planning and Development
Acts 2000-2002 etc.
SECTION VII - ACCOMMODATION OF TRAVELLERS AT 28 NOVEMBER 2003
The information in relation to traveller families was compiled from returns from local authorities in respect of the
situation which applied on 28 November, 2003.
The information supplied by local authorities is for the purposes of monitoring progress made at local level in
meeting the accommodation needs of traveller families and cannot be regarded as a census of the number of
travellers.
Page 60 relates to numbers of traveller families, which have been accommodated:
(a) directly by local authorities
(b) by voluntary bodies or travellers themselves with assistance of local authorities and
(c) traveller families on unauthorised site or other unserviced locations.
Page 61 is a summary table of the estimated total number of traveller families in the state on the day of the count. It
includes those families included in page 60, as well as:
(d) estimated number of families who have provided accommodation from their own resources
(e) estimated number of families living in private rented accommodation, and
(f) families sharing housing accommodation (including group houses/standard lettings).
Terms used:
“Halting sites” includes permanent, temporary and transient sites.
“Unauthorised sites” includes families on the roadside, in private yards, gardens, fields and unofficial sites.
“Group housing” is housing specifically designed to accommodate a number of traveller families.
“Sharing housing accommodation” it is assumed that they are predominantly families sharing accommodation
designed for single family occupancy.
“Family” is taken to mean parent(s) and/or children and relatives normally resident with them.
SECTION VIII - HOUSING GRANTS
This Section contains details in relation to housing grants (including new house, disabled persons and essential
repairs grants) approved and paid since 1999.
SECTION IX - PRIVATE RENTED HOUSING
Section IX contains details of the level of enforcement of requirements for registration, standards and rent books
and
the registration of houses and landlords at 31 December, 2003.
SECTION X - CAPITAL INVESTMENT IN HOUSING
This section gives public capital expenditure and capital formation in housing.
Page 8 - Housing Statistics Bulletin
Background Notes
Arising from the conversion of First National Building Society to First Active plc. in 1998 there is a change in the
categories of lender used in relation to the data on loan approvals and payments (pages 16 to 21) and house prices
(pages 34 to 41). First Active plc. is now included under “Banks and Other Agencies” and figures are shown
retrospectively to 1999 on this basis.
Analysis of Loan Approvals
The data shown on pages 24-25, 30-31 and 42-43 have been derived from 36,000 mortgage loan statistical
survey forms and on pages 26-29 and page 32 from a lesser number of forms (some forms had incomplete data)
which have been submitted by borrowers at loan approval stage and returned to the Department by the mortgage
lending agencies.
Revisions
Every effort is made to ensure that the figures published are as accurate as possible at the time of printing. The
publication of revised figures is sometimes unavoidable where updated figures are received after a Bulletin has
been published or where there has been typographical error. Revised figures are given in the subsequent issue to the
Bulletin in order to maintain the highest possible level of accuracy of the published data.
Symbols and Conventions used
Rounding of figures:
where figures have been rounded, the sum of the constituent
items may not always agree with the total shown.
Symbols used:
n/a = not available
(p) = provisional
(r) = revised
Please note that in this Bulletin, the term ‘house’ includes a flat or apartment unless otherwise indicated.
For further information on any of the statistics contained in this Bulletin, please contact the Department of the
Environment, Heritage and Local Government, Housing Policy & Supply Section, Custom House, Dublin 1.
Telephone 01-8882176 / 01-8882187.
Page 9 - Housing Statistics Bulletin
SECTION I - HOUSING ACTIVITY
HOUSE COMPLETIONS BY SECTOR
Year and
Private Houses
Social Housing
Total
Quarter
Local Authority
Voluntary & Co-operative
Houses *
Houses
1999
2,909
579
43,024
46,512
2000
2,204
951
46,657
49,812
2001
3,622
1,253
47,727
52,602
2002
4,403
1,360
51,932
57,695
2003
(p) 4,516
1,617
(p) 62,686
68,819
QI
577
216
10,277
11,070
QII
722
298
12,079
13,099
QIII
818
350
11,799
12,967
QIV
1,505
389
13,572
15,466
450
318
11,210
11,978
1,009
312
12,119
13,440
QIII
973
309
13,662
14,944
QIV
1,971
421
14,941
17,333
837
318
12,554
13,709
QII
1,084
386
14,439
15,909
QIII
1,355
409
16,376
18,140
QIV
(p) 1,240
504
(p) 19,317
21,061
2001
2002
QI
QII
2003
QI
* Does not include second-hand houses acquired by local authorities but includes units acquired under Part V,
Planning and Development Acts 2000-2002 for local authority rental purposes (see pages 47, 48 and 49).
Page 10 - Housing Statistics Bulletin
HOUSE COMPLETIONS BY SECTOR
70,000
65,000
60,000
55,000
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
1994
1995
Private houses
1996
1997
1998
Local Authority houses
1999
2000
2001
2002
Voluntary & co-operative houses
Footnotes: - (a) The local authority figures include demountables and pre-fabricated houses.
(b) The local authority house completions from 1993 onwards do not include houses acquired
by them. These are shown separately on pages 47-49. (Local authority figures prior to
1993 include a small but unquantified number of houses acquired by the authorities.)
(c) Voluntary & co-operative houses consists of completions under the capital
loan & subsidy and capital assistance schemes as shown by area on page 50.
Page 11 - Housing Statistics Bulletin
2003
HOUSE COMPLETIONS - BY AREA
TOTAL HOUSE COMPLETIONS
PRIVATE HOUSE COMPLETIONS
County
Councils
1999
2000
2001
2002
2003
1999
2000
2001
2002 (p) 2003
Carlow
816
717
658
695
897
717
643
513
683
782
Cavan
664
696
883
1,163
1,154
597
644
790
953
1,004
Clare
1,487
1,652
1,487
1,466
1,679
1,383
1,563
1,416
1,413
1,571
Cork
3,702
4,546
4,838
4,754
6,325
3,471
4,356
4,429
4,440
5,980
Donegal
2,393
2,545
2,722
2,765
3,120
2,152
2,346
2,460
2,160
2,848
886
860
1,166
785
1,871
848
843
1,077
703
1,662
Fingal
4,296
4,044
3,602
4,308
7,019
4,213
3,976
3,495
4,155
6,744
Galway
2,113
2,117
2,467
2,265
3,170
1,979
2,002
2,348
2,075
3,042
Kerry
1,686
1,665
1,813
1,838
2,667
1,506
1,581
1,603
1,623
2,403
Kildare
2,419
2,366
2,426
3,126
2,971
2,283
2,305
2,165
2,934
2,824
Kilkenny
708
736
1,007
1,119
1,183
636
671
844
1,088
1,102
Laois
660
839
1,027
862
1,031
577
791
905
808
903
Leitrim
396
658
750
691
708
366
626
687
612
678
Limerick
610
586
754
1,452
1,835
544
515
620
1,269
1,647
Longford
293
311
614
735
659
235
275
496
620
500
Louth
1,581
1,513
2,046
1,923
2,288
1,478
1,417
1,908
1,743
2,011
Mayo
1,797
2,237
1,790
1,694
2,022
1,684
2,021
1,654
1,660
1,942
Meath
1,480
2,303
2,553
2,924
3,687
1,336
2,227
2,381
2,696
3,519
353
426
685
611
660
344
372
567
558
588
1,032
1,132
1,006
1,263
1,257
982
1,119
935
1,166
1,154
Offaly
604
900
945
853
1,308
539
818
877
737
1,101
Roscommon
406
411
500
740
890
385
383
464
650
773
Sligo
865
708
778
755
1,065
828
627
679
675
953
2,049
2,139
1,746
3,406
2,134
1,902
1,906
1,490
3,293
2,042
606
521
546
589
646
518
440
484
484
482
Waterford
1,007
1,074
1,000
1,324
1,171
942
1,026
943
1,172
1,079
Westmeath
1,140
1,578
1,517
1,187
1,585
1,129
1,478
1,478
1,125
1,480
Wexford
2,375
2,432
1,955
2,342
2,743
2,212
2,198
1,773
2,002
2,524
Wicklow
1,294
1,484
1,914
2,002
1,800
1,171
1,408
1,792
1,806
1,670
Cork
1,006
1,186
752
812
1,053
804
1,081
646
570
914
Dublin
2,804
2,362
3,091
4,124
3,370
2,527
2,178
2,638
3,280
2,518
875
1,116
1,436
1,496
2,305
738
1,035
1,359
1,407
1,927
1,336
1,234
1,326
766
1,150
1,280
1,190
1,129
718
1,131
Waterford
373
318
402
460
996
318
196
282
254
788
Conversions
400
400
400
400
400
400
400
400
400
400
46,512
49,812
52,602
57,695
68,819
43,024
46,657
47,727
51,932
62,686
D/Laoghaire-Rathdown
Monaghan
North Tipperary
South Dublin
South Tipperary
City
Councils
Galway
Limerick
TOTALS
Footnotes:- (a) County Council areas include Borough and Town Councils.
(b) Total house completions are based on the number of new dwellings connected by the ESB to the electricity
supply and may not accord precisely with local authority boundaries.
Page 12 - Housing Statistics Bulletin
NEW HOUSE GUARANTEE REGISTRATIONS
County
1999
2000
2001
2002
2003
QI
QII
QIII
QIV
TOTAL
Carlow
529
369
305
429
162
149
254
154
719
Cavan
229
270
201
370
110
109
179
174
572
Clare
1,158
891
648
864
386
261
242
268
1,157
Cork
4,174
4,424
2,957
6,004
1,469
1,721
1,300
1337
5,827
Donegal
1,020
850
710
804
349
271
320
138
1,078
Dublin
8,956
8,122
8,724
18,243
3,758
4,545
3,937
4468
16,708
Galway
1,721
1,831
1,780
2,941
886
556
845
524
2,811
727
739
639
1,561
290
298
282
402
1,272
1,972
2,064
1,933
2,192
727
862
798
877
3,264
Kilkenny
512
607
648
1,064
220
282
279
165
946
Laois
597
809
346
821
422
314
71
345
1,152
Leitrim
220
259
313
213
97
120
115
184
516
Limerick
1,543
1,381
862
1,824
650
466
1,049
1032
3,197
Longford
42
103
131
238
61
5
235
118
419
Louth
1,020
1,298
855
1,340
508
410
450
395
1,763
Mayo
830
903
407
837
260
188
217
290
955
Meath
2,350
2,595
1,993
2,904
942
1,023
865
785
3,615
47
205
147
190
44
73
5
36
158
Offaly
431
638
399
640
188
418
437
177
1,220
Roscommon
183
254
289
347
63
146
148
88
445
Sligo
391
369
335
556
212
231
172
150
765
Tipperary
1,024
1,024
538
1,098
420
321
467
203
1,411
Waterford
919
1,121
881
1,550
361
424
366
424
1,575
Westmeath
928
976
777
1,031
301
394
423
491
1,609
Wexford
1,640
1,697
1,049
1,611
460
417
416
291
1,584
Wicklow
689
814
978
1,345
408
391
548
774
2,121
33,852
34,613
28,845
51,017
13,754
14,395
14,420
14,290
56,859
Kerry
Kildare
Monaghan
TOTALS
Footnotes:- (a)
(b)
(c)
(d)
QI, QII and QIII 2003 have been revised.
Data up to and including 2001 represent HomeBond Registrations.
Data from 2002 includes HomeBond Registrations and Premier Guarantee Registrations.
County figures include all County Councils, City, Borough and Town Councils within the County.
Page 13 - Housing Statistics Bulletin
HOUSE COMPLETIONS
NEW HOUSES COMPLETED BY TYPE FROM 1 JANUARY TO 31 DECEMBER 2003
County
House
House
House
Flat/
Bungalow
Detached
Semi-Detached
Terraced
Apartment
Carlow
126
167
393
103
108
897
Cavan
233
432
381
31
77
1,154
Clare
154
735
462
120
208
1,679
Cork
493
1,904
2,447
637
844
6,325
1,023
837
868
129
263
3,120
33
135
277
219
1,207
1,871
Fingal
145
270
2,454
2,374
1,776
7,019
Galway
474
1,268
860
140
428
3,170
Kerry
404
863
852
132
416
2,667
Councils
Donegal
D/Laoghaire-Rathdown
Total
Kildare
479
555
1,228
230
479
2,971
Kilkenny
202
320
418
182
61
1,183
Laois
133
235
411
134
118
1,031
Leitrim
180
213
150
29
136
708
Limerick
339
384
570
85
457
1,835
Longford
189
126
220
41
83
659
Louth
304
215
1,132
416
221
2,288
Mayo
560
562
670
53
177
2,022
Meath
435
548
1,855
487
362
3,687
Monaghan
110
258
171
28
93
660
North Tipperary
268
367
459
32
131
1,257
Offaly
237
190
704
84
93
1,308
Roscommon
336
233
182
29
110
890
Sligo
262
248
342
72
141
1,065
South Dublin
53
105
649
531
796
2,134
South Tipperary
81
176
274
41
74
646
Waterford
190
360
494
40
87
1,171
Westmeath
263
258
709
79
276
1,585
Wexford
901
507
1,015
79
241
2,743
Wicklow
266
257
784
125
368
1,800
6
42
101
87
817
1,053
Dublin
21
202
278
382
2,487
3,370
Galway
21
177
864
394
849
2,305
Limerick
7
83
402
100
558
1,150
Waterford
6
44
446
203
297
996
TOTALS
8,934
13,276
23,522
7,848
14,839
68,419
City
Councils
Cork
Footnotes:- (a) County Council areas include Borough and Town Councils.
(b) These data are based on the number of new dwellings connected by the ESB to the electricity supply
but exclude conversions which are included on page 12.
Page 14 - Housing Statistics Bulletin
HOUSE COMPLETIONS
NEW HOUSES COMPLETED (PERCENTAGES) BY TYPE 1999 - 2003
Bungalow
House
Detached
House
Semi-D
House
Terraced
Flat /
Apartment
%
%
%
%
%
17.8
18.4
17.3
15.5
13.1
28.1
30.0
29.6
23.0
19.4
30.4
29.3
26.8
32.5
34.4
Year
Percentages
1999
2000
2001
2002
2003
3.7
4.4
5.9
8.7
11.5
19.9
18.0
20.4
20.3
21.7
New House Types -Whole Country - 2003
Bungalow
Flat/Apartment
13.1%
Detached House
21.7%
Terraced
19.4%
11.5%
%
34.4%
Semi-D House
Type of Development -Whole Country - 2003
Breakdown by Small development, Estate & Apartment
Apartment
Small
development
21.7%
25.6%
52.7%
Estate
Footnotes:- These data are based on the number of new dwellings connected by the ESB to the electricity supply"Small development" is a development of 4 or fewer units (including bungalows and one-offs);
"Estate" is a development of 5 or more units.
Page 15 - Housing Statistics Bulletin
SECTION II - HOUSING LOANS
LOAN APPROVALS AND PAYMENTS - ALL AGENCIES
( BUILDING SOCIETIES, BANKS AND OTHER AGENCIES, LOCAL AUTHORITIES )
LOANS APPROVED
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
32,722
33,289
29,277
39,399
39,676
3293.4
3726.2
3695.9
5985.9
6968.2
45,850
47,567
39,785
53,737
58,212
4399.3
5277.4
5036.6
8373.4
10477.8
78,572
80,856
69,062
93,136
97,888
7692.7
9003.7
8732.6
14359.3
17446.1
2002
QI
QII
QIII
QIV
9,518
11,362
9,401
9,118
1380.7
1699.2
1426.7
1479.3
12,301
15,569
13,138
12,729
1825.8
2397.8
2052.6
2097.3
21,819
26,931
22,539
21,847
3206.5
4097.0
3479.3
3576.5
2003
QI
QII
QIII
QIV
8,654
11,524
9,820
9,678
1437.1
1988.7
1681.1
1861.4
12,005
16,020
15,613
14,574
1997.1
2819.7
2772.9
2888.2
20,659
27,544
25,433
24,252
3434.2
4808.3
4454.0
4749.6
LOANS PAID
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
31,359
31,533
29,431
32,298
35,292
2776.8
3093.6
3309.2
4353.8
5398.1
39,458
42,725
37,355
46,994
49,457
3740.1
4504.6
4354.7
6471.4
8125.7
70,817
74,258
66,786
79,292
84,749
6516.9
7598.2
7664.0
10825.2
13523.7
2002
QI
QII
QIII
QIV
6,601
8,245
8,333
9,119
809.1
1062.8
1135.8
1346.1
8,071
12,232
13,418
13,273
1035.3
1658.4
1883.8
1893.9
14,672
20,477
21,751
22,392
1844.3
2721.2
3019.6
3240.0
2003
QI
QII
QIII
QIV
7,166
8,536
9,515
10,075
1043.5
1301.2
1424.2
1629.3
10,676
12,465
11,232
15,084
1451.6
1862.1
2418.1
2393.9
17,842
21,001
20,747
25,159
2495.0
3163.2
3842.3
4023.2
Note
This data contains an unquantified element of refinancing of existing mortgages (e.g. involving the
redemption of an existing mortgage and its replacement with a mortgage from a different lender).
Page 16 - Housing Statistics Bulletin
Page 17 - Housing Statistics Bulletin
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
1994
1995
1996
1997
Loans approved
1998
Loans paid
1999
2000
2001
NUMBER OF LOANS APPROVED AND PAID BY ALL LENDING AGENCIES
2002
2003
LOAN APPROVALS AND PAYMENTS - BUILDING SOCIETIES
* BUILDING SOCIETIES
LOANS APPROVED
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
6,909
7,648
7,422
10,522
8,220
728.8
857.2
981.5
1635.6
1485.1
9,517
10,053
8,158
9,787
9,449
919.0
1033.8
1124.3
1597.5
1776.2
16,426
17,701
15,580
20,309
17,669
1647.7
1891.0
2105.8
3233.0
3261.3
2002
QI
QII
QIII
QIV
2,720
3,236
2,327
2,239
407.7
490.5
365.5
371.9
2,451
2,901
2,344
2,091
374.7
460.5
390.5
371.8
5,171
6,137
4,671
4,330
782.4
951.0
755.9
743.7
2003
QI
QII
QIII
QIV
1,961
2,334
2,003
1,922
334.4
420.5
364.0
366.2
1,996
2,557
2,609
2,287
351.9
483.2
502.5
438.5
3,957
4,891
4,612
4,209
686.4
903.7
866.5
804.7
LOANS PAID
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
8,582
6,994
6,713
7,683
7,286
790.9
682.4
836.9
1097.4
1193.4
8,290
8,821
7,202
8,119
8,052
913.1
967.3
955.4
1253.8
1447.2
16,872
15,815
13,915
15,802
15,338
1704.0
1649.6
1792.2
2351.2
2640.7
2002
QI
QII
QIII
QIV
1,527
2,059
1,936
2,161
203.3
281.0
273.4
339.6
1,659
2,289
2,220
1,951
227.0
343.7
359.8
323.4
3,186
4,348
4,156
4,112
430.3
624.7
633.2
663.0
2003
QI
QII
QIII
QIV
1,419
1,763
1,993
2,111
221.5
272.5
329.4
370.0
1,526
1,952
2,380
2,194
252.3
344.1
451.0
399.8
2,945
3,715
4,373
4,305
473.8
616.7
780.4
769.8
* Excludes Permanent tsb and First Active plc.- See note on page 9.
Page 18 - Housing Statistics Bulletin
LOAN APPROVALS AND PAYMENTS - BANKS AND OTHER AGENCIES
* BANKS AND OTHER AGENCIES
LOANS APPROVED
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
25,779
25,581
21,780
28,788
31,390
2563.1
2865.0
2707.5
4341.2
5477.0
36,255
37,418
31,510
43,821
48,667
3476.9
4238.1
3904.3
6765.0
8693.9
62,034
62,999
53,290
72,609
80,057
6040.0
7103.2
6611.8
11106.2
14170.9
2002
QI
QII
QIII
QIV
6,786
8,099
7,044
6,859
971.6
1206.2
1058.1
1105.2
9,816
12,631
10,767
10,607
1448.5
1934.3
1659.9
1722.3
16,602
20,730
17,811
17,466
2420.2
3140.5
2718.0
2827.4
2003
QI
QII
QIII
QIV
6,681
9,176
7,799
7,734
1101.4
1566.7
1315.5
1493.3
9,991
13,444
12,973
12,259
1643.5
2335.0
2267.8
2447.5
16,672
22,620
20,772
19,993
2744.9
3901.8
3583.3
3940.9
LOANS PAID
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
22,713
24,487
22,647
24,522
27,898
1984.1
2409.6
2467.3
3249.4
4196.9
31,091
33,843
30,069
38,744
41,298
2823.9
3534.3
3393.8
5207.0
6669.7
53,804
58,330
52,716
63,266
69,196
4808.0
5943.8
5861.1
8456.4
10866.7
2002
QI
QII
QIII
QIV
5,054
6,159
6,377
6,932
604.4
780.1
861.1
1003.8
6,394
9,917
11,172
11,261
807.1
1312.7
1522.0
1565.2
11,448
16,076
17,549
18,193
1411.5
2092.8
2383.1
2569.0
2003
QI
QII
QIII
QIV
5,720
6,748
7,490
7,940
819.9
1027.1
1093.0
1256.8
9,126
10,482
8,838
12,852
1197.3
1516.0
1966.0
1990.4
14,846
17,230
16,328
20,792
2017.3
2543.1
3059.1
3247.3
* Includes Permanent tsb and First Active plc.- See note on page 9.
Page 19 - Housing Statistics Bulletin
LOAN APPROVALS AND PAYMENTS - LOCAL AUTHORITIES
LOCAL AUTHORITIES
LOANS APPROVED
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
34
60
75
89
66
1.7
4.1
6.9
9.1
6.2
78
96
117
129
96
3.3
5.5
8.0
10.9
7.7
112
156
192
218
162
5.0
9.5
14.9
20.0
13.9
2002
QI
QII
QIII
QIV
12
27
30
20
1.4
2.5
3.1
2.2
34
37
27
31
2.5
3.0
2.2
3.2
46
64
57
51
3.9
5.4
5.3
5.4
2003
QI
QII
QIII
QIV
12
14
18
22
1.2
1.5
1.6
1.9
18
19
31
28
1.6
1.4
2.6
2.1
30
33
49
50
2.8
2.9
4.2
4.0
LOANS PAID
Year and
Quarter
New Houses
Other Houses
Totals
Number
Value €m
Number
Value €m
Number
Value €m
1999
2000
2001
2002
2003
64
52
71
93
108
1.8
1.7
5.1
7.1
7.7
77
61
84
131
107
3.2
3.0
5.5
10.5
8.7
141
113
155
224
215
5.0
4.7
10.7
17.6
16.4
2002
QI
QII
QIII
QIV
20
27
20
26
1.4
1.8
1.3
2.7
18
26
26
61
1.2
1.9
2.1
5.3
38
53
46
87
2.6
3.7
3.4
7.9
2003
QI
QII
QIII
QIV
27
25
32
24
2.0
1.6
1.7
2.5
24
31
14
38
1.9
2.0
1.1
3.7
51
56
46
62
4.0
3.5
2.8
6.1
Page 20 - Housing Statistics Bulletin
PERCENTAGE SHARE OF MORTGAGE MARKET BASED ON THE VALUE OF LOANS PAID
PERCENTAGES
Year and
Quarter
Building
Societies
* Banks and
Other Agencies
Local
Authorities
1999
26.1
73.8
0.1
2000
21.7
78.2
0.1
2001
23.4
76.5
0.1
2002
21.7
78.1
0.2
2003
19.5
80.4
0.1
2002
QI
QII
QIII
QIV
23.3
23.0
21.0
20.5
76.5
76.9
78.9
79.3
0.1
0.1
0.1
0.2
2003
QI
QII
QIII
QIV
19.0
19.5
20.3
19.1
80.9
80.4
79.6
80.7
0.2
0.1
0.1
0.2
Mortgage Market based on the Value of Loans Paid in 2003
Local Authorities
Building Societies
0.1%
19.5%
80.4%
* Banks and
Other Agencies
* Includes Permanent tsb and First Active plc. - See note on page 9.
Page 21 - Housing Statistics Bulletin
BREAKDOWN OF MORTGAGE MARKET BY ANNUITY AND ENDOWMENT MORTGAGES
LOANS APPROVED
Annuity
Year and
Quarter
Endowment
Number
%
Number
%
1999
2000
2001
2002
2003
76,518
79,034
67,699
90,019
94,601
97.4
97.7
98.0
96.7
96.6
2,054
1,822
1,363
3,117
3,287
2.6
2.3
2.0
3.3
3.4
2002
QI
QII
QIII
QIV
21,391
25,552
21,871
21,205
98.0
94.9
97.0
97.1
428
1,379
668
642
2.0
5.1
3.0
2.9
2003
QI
QII
QIII
QIV
20,214
26,763
24,497
23,127
97.8
97.2
96.3
95.4
445
781
936
1,125
2.2
2.8
3.7
4.6
LOANS PAID
Annuity
Year and
Quarter
Endowment
Number
%
Number
%
1999
2000
2001
2002
2003
68,941
72,468
65,352
77,130
81,961
97.4
97.6
97.9
97.3
96.7
1,876
1,790
1,434
2,162
2,788
2.6
2.4
2.1
2.7
3.3
2002
QI
QII
QIII
QIV
14,362
19,976
21,149
21,643
97.9
97.6
97.2
96.7
310
501
602
749
2.1
2.4
2.8
3.3
2003
QI
QII
QIII
QIV
17,331
20,531
19,887
24,212
97.1
97.8
95.9
96.2
511
470
860
947
2.9
2.2
4.1
3.8
Mortgage Market based on the Number of Loans Paid in 2003
Endowment
3.3%
%
96.7%
Annuity
Page 22 - Housing Statistics Bulletin
BREA
AKDOWN OF MORTGAGE MARKET BY FIXED AND VARIABLE INTEREST RATE MORTGAGES
LOANS APPROVED
Fixed Rate
Year and
Quarter
Variable Rate
Number
%
Number
%
1999
2000
2001
2002
2003
53,437
37,512
33,913
37,859
49,100
68.0
46.4
49.1
40.6
50.2
25,135
43,344
35,149
55,277
48,788
32.0
53.6
50.9
59.4
49.8
2002
QI
QII
QIII
QIV
9,678
11,733
8,589
7,859
44.4
43.6
38.1
36.0
12,141
15,198
13,950
13,988
55.6
56.4
61.9
64.0
2003
QI
QII
QIII
QIV
8,200
14,300
13,806
12,794
39.7
51.9
54.3
52.8
12,459
13,244
11,627
11,458
60.3
48.1
45.7
47.2
LOANS PAID
Fixed Rate
Year and
Quarter
Variable Rate
Number
%
Number
%
1999
2000
2001
2002
2003
48,890
35,208
31,354
32,871
40,065
69.0
47.4
46.9
41.5
47.3
21,927
39,050
35,432
46,421
44,684
31.0
52.6
53.1
58.5
52.7
2002
QI
QII
QIII
QIV
6,686
9,050
8,802
8,333
45.6
44.2
40.5
37.2
7,986
11,427
12,949
14,059
54.4
55.8
59.5
62.8
2003
QI
6,226
34.9
11,616
QII
8,994
42.8
12,007
QIII
12,251
59.0
8,496
QIV
12,594
50.1
12,565
Footnote:- The figures on fixed interest rate mortgages relate to mortgages which provide that the rate
of interest may not be changed, or may only be changed at intervals of not less than one year.
Mortgage Market based on the Number of Loans Paid in 2003
Fixed Rate
47.3%
52.7%
Variable Rate
Page 23 - Housing Statistics Bulletin
65.1
57.2
41.0
49.9
ANALYSIS OF LOAN APPROVALS *
RANGES OF LOANS PAID - DUBLIN AREA
€100,001 to
€150,000
Not exceeding
€100,000
Year
Percentages
€150,001 to
€200,000
€200,001 to
€250,000
Exceeding
€250,000
%
%
%
%
%
33.3
24.7
19.0
15.8
6.3
44.8
32.7
22.3
16.9
11.3
16.0
32.2
40.1
42.7
36.4
3.5
5.4
11.6
13.8
28.3
2.4
5.0
7.0
10.9
17.8
57.0
45.9
39.4
27.5
18.0
27.3
27.2
25.3
19.9
17.6
9.6
16.5
21.7
26.0
22.3
2.7
4.6
5.7
12.5
19.8
3.5
5.8
7.9
14.1
22.3
52.4
42.0
35.6
25.0
15.1
30.7
28.2
24.8
19.3
16.0
10.8
19.4
25.1
29.5
25.8
2.9
4.8
6.8
12.8
21.9
3.2
5.7
7.8
13.4
21.2
NEW HOUSES
1999
2000
2001
2002
2003
SECOND - HAND
HOUSES
1999
2000
2001
2002
2003
ALL HOUSES
1999
2000
2001
2002
2003
* See note on page 9.
All Houses - Dublin
>€250,000
<€100,000
21.2%
15.1%
16.0%
21.9%
25.8%
€200,001-€250,000
€150,001-€200,000
Page 24 - Housing Statistics Bulletin
€100,001-€150,000
ANALYSIS OF LOAN APPROVALS *
RANGES OF LOANS PAID - WHOLE COUNTRY
€100,001 to
€150,000
Not exceeding
€100,000
Year
Percentages
€150,001 to
€200,000
€200,001 to
€250,000
Exceeding
€250,000
%
%
%
%
%
65.8
54.6
41.2
33.6
22.3
25.8
31.0
35.8
36.0
34.8
6.1
11.1
16.7
21.5
27.0
1.4
1.9
3.2
5.2
10.0
0.8
1.5
3.1
3.6
5.9
70.7
59.7
50.5
38.0
28.7
20.2
24.6
27.5
28.1
26.7
5.8
10.3
13.8
19.2
21.8
1.7
2.6
2.9
7.5
11.6
1.7
2.8
5.3
7.3
11.3
69.0
58.0
47.3
36.4
26.1
22.1
26.8
30.3
31.1
30.0
5.9
10.6
14.8
20.0
23.9
1.6
2.3
3.0
6.6
11.0
1.4
2.3
4.6
5.9
9.1
NEW HOUSES
1999
2000
2001
2002
2003
SECOND - HAND
HOUSES
1999
2000
2001
2002
2003
ALL HOUSES
1999
2000
2001
2002
2003
* See note on page 9.
All Houses - Whole Country
>€250,000
€200,001-€250,000
<€100,000
9.1%
11.0%
26.1%
23.9%
30.0%
€150,001-€200,000
€100,001-€150,000
Page 25 - Housing Statistics Bulletin
SECTION III - PROFILE OF BORROWERS
ANALYSIS OF LOAN APPROVALS *
PREVIOUS TENURE OF BORROWERS - DUBLIN AREA
Year
Owner
Occupied
Tenant
(Private)
Tenant
(Local Authority)
Parents'
Residence
Other
%
%
%
%
%
1999
46.8
22.2
0.9
28.0
2.0
2000
42.3
29.2
0.4
26.5
1.6
2001
41.1
24.5
0.7
31.3
2.3
2002
38.6
25.0
0.0
34.2
2.2
2003
37.5
26.7
0.6
33.2
2.0
1999
63.1
17.7
1.2
16.3
1.7
2000
65.1
17.6
0.8
13.9
2.6
2001
61.5
18.8
0.6
16.3
2.8
2002
60.0
21.6
0.3
16.0
2.1
2003
62.8
18.5
1.1
16.2
1.4
1999
58.7
18.9
1.2
19.4
1.8
2000
58.6
20.9
0.7
17.5
2.3
2001
55.3
20.6
0.6
20.9
2.6
2002
52.9
22.7
0.2
22.1
2.1
2003
52.9
21.7
0.9
22.9
1.6
Percentages
NEW HOUSES
SECOND - HAND
HOUSES
ALL HOUSES
* See note on page 9.
Page 26 - Housing Statistics Bulletin
ANALYSIS OF LOAN APPROVALS *
PREVIOUS TENURE OF BORROWERS - WHOLE COUNTRY
Year
Owner
Occupied
Tenant
(Private)
Tenant
(Local Authority)
Parents'
Residence
Other
%
%
%
%
%
1999
46.1
25.1
0.7
26.0
2.1
2000
46.5
25.3
0.6
25.3
2.2
2001
43.3
24.3
0.5
29.5
2.4
2002
47.0
24.2
0.4
26.7
1.7
2003
42.7
25.6
0.7
29.2
1.8
1999
64.5
18.2
1.2
14.4
1.7
2000
64.9
18.2
1.0
13.4
2.5
2001
60.7
20.3
0.7
15.9
2.3
2002
60.1
21.2
0.8
15.8
2.1
2003
64.4
17.7
0.9
15.2
1.8
1999
56.3
21.3
1.0
19.6
1.9
2000
56.1
21.6
0.8
19.1
2.4
2001
52.2
22.3
0.6
22.6
2.3
2002
53.6
22.7
0.6
21.2
1.9
2003
53.4
21.7
0.8
22.3
1.8
Percentages
NEW HOUSES
SECOND - HAND
HOUSES
ALL HOUSES
* See note on page 9.
Page 27 - Housing Statistics Bulletin
ANALYSIS OF LOAN APPROVALS *
MARITAL STATUS OF BORROWERS - DUBLIN AREA
Year
Percentages
Single
Single /
about to marry
Married
< 5 years
Married
>5 years
Widowed
Separated etc.
%
%
%
%
%
1999
61.0
8.1
13.0
12.2
5.7
2000
66.5
6.8
10.7
12.3
3.6
2001
74.5
5.4
8.4
6.9
4.9
2002
78.9
10.8
3.9
3.5
2.8
2003
82.2
8.4
2.8
3.1
3.4
1999
55.2
3.7
8.3
20.1
12.6
2000
62.1
3.0
7.5
17.2
10.3
2001
67.7
2.6
6.5
12.5
10.7
2002
72.2
11.1
3.2
5.4
8.1
2003
72.4
10.6
3.2
6.0
7.7
1999
56.6
4.8
9.4
18.3
11.0
2000
63.1
3.9
8.2
16.1
8.8
2001
69.3
3.3
6.9
11.2
9.3
2002
73.9
11.0
3.4
4.9
6.8
2003
75.4
10.0
3.1
5.1
6.4
NEW HOUSES
SECOND - HAND
HOUSES
ALL HOUSES
* See note on page 9.
Page 28 - Housing Statistics Bulletin
ANALYSIS OF LOAN APPROVALS *
MARITAL STATUS OF BORROWERS - WHOLE COUNTRY
Year
Percentages
Single
Single /
about to marry
Married
< 5 years
Married
>5 years
Widowed
Separated etc.
%
%
%
%
%
1999
55.0
8.0
13.3
18.2
5.5
2000
59.0
8.0
12.4
16.7
3.9
2001
66.3
6.4
10.8
12.6
4.0
2002
70.5
18.7
3.6
4.5
2.7
2003
74.6
15.3
3.3
4.0
2.8
1999
54.5
3.2
8.0
21.5
12.7
2000
60.2
2.9
7.2
19.1
10.7
2001
67.8
2.4
5.9
13.0
10.9
2002
69.6
15.5
2.1
4.8
8.0
2003
68.5
14.7
2.7
5.8
8.3
1999
54.7
5.1
10.1
20.2
9.9
2000
59.7
5.0
9.3
18.1
7.9
2001
67.2
4.0
7.9
12.8
8.1
2002
70.0
16.9
2.7
4.7
5.8
2003
71.3
15.0
3.0
4.9
5.7
NEW HOUSES
SECOND - HAND
HOUSES
ALL HOUSES
* See note on page 9.
Page 29 - Housing Statistics Bulletin