In Ireland, Residential Property Prices YoY measures the percentage change in the average level of prices paid for residential properties sold compared with the same period one year earlier. This index is based on mortgage drawdowns from major lending institutions and reflects transaction-based data, providing insight into the housing market's price trends and overall economic conditions.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.