News just in that Permanent TSB/ESRI has announced that it has ceased producing its house price series which until recently was the most respected actual house price index in the State. The press release from PTSB states “I wanted to advise you that together with the ESRI, we have decided to cease the production of the index.
This decision has been taken primarily as a result of the introduction by the Central Statistics Office [CSO] of a monthly index which will measure average prices for dwellings around the country and which is based on information provided by a number of financial institutions. The CSO index will be published monthly from today [13th May]. We believe that it does not make sense to continue to produce our own index when the CSO will be producing a similar index based on a more comprehensive set of information. I trust that the decision to terminate it now will not inconvenience you given the availability of the CSO index.
On behalf of permanent tsb and the ESRI I want to thank you for your interest in the index over many years.”
There is a detailed analysis of the CSO index published this morning available here.
NAMA Wine Lake 
[…] index is that the Permanent TSB/ESRI index, probably the most widely quoted, was discontinued (see NWL again). The index hadn’t been published in a while and was facing criticism due to the low amount […]