Track ECB base rate decisions and average Irish mortgage rates across fixed and variable products — the key drivers of affordability, demand, and investment returns in the Irish property market.
Source: NTMA / Bloomberg
Indicative trend only. Live data from NTMA / Bloomberg being integrated.
The yield on Irish 10-year government bonds is a benchmark risk-free rate that underpins the pricing of all long-duration assets, including commercial and residential property. When the risk-free rate rises, the required return on property assets rises too — putting downward pressure on values, all else equal.
Comparing the 10-year bond yield against residential rental yields (the "yield spread") is a key valuation framework used by institutional property investors. A positive and wide spread indicates residential property offers a meaningful excess return over risk-free bonds; compression of this spread historically precedes periods of price correction.