Irish household wealth reaches a record €1.15tr

Irish households' financial net wealth — which includes savings, investments, as well as liabilities — stood at €369bn as of the end of June, new data shows

Housing assets represent 68% of the total wealth held by Irish households. Picture: Leah Farrell/Rollingnews.ie

Rising home prices added €17.6bn to the wealth of Irish households between April and June, bringing the total value of the country’s entire housing stock to €778bn, new data from the Central Bank of Ireland shows.

According to the data, during this three-month period, existing house price values increased by about €14.9bn, while investments in new homes added about €2.6bn in value. Housing assets represent 68% of total net wealth and 59% of the total assets of Irish households.