Tuesday, 23 July 2019

Ceisteanna (230)

Richard Boyd Barrett

Ceist:

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]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar 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.