The House Price Index (HPI) for the third quarter of 2018 rose an annual 1.7% to 104.19 units, according to preliminary estimate of the Statistical Service. On a quarterly basis, the index was up 0.2%.
HPI measures the change in the average price of residential dwellings, both new and existing. The land component of the residential property is included.
Other materials saw an annual drop in price. The most significant are: Bricks: -24.54%; Thermal insulation: -5.94%; Lifts: -1.73% and Waterproofing: -1,51%.