Tuesday, 23 July 2019

Questions (230)

Richard Boyd Barrett

Question:

230. Deputy Richard Boyd Barrett asked the Minister for Finance the most recent figures of total household wealth and the property and financial assets less all liabilities. [33524/19]

View answer

Written answers (Question to Finance)

According to the latest figures from the Central Banks Quarterly's Financial Accounts, the net worth, or wealth, of households in Ireland stood at €761bn at the end of 2018. This includes financial and housing assets, net of all liabilities.

The value of total household assets excluding liabilities is €908bn.

The following table provides a breakdown of household net worth:

Q4 2018

Financial Assets

Liabilities

Housing Assets

Net Worth

€bn

374

-147

534

761

Household net worth rose by 4.6 per cent during 2018, driven by a 7.1 per cent rise in the value of housing assets. This is above the pre-crisis peak of €721bn.

The series reached a record high of €769bn in the third quarter of 2018, before falling slightly in the fourth quarter due to developments in international financial markets reducing the value of financial assets.