Market view: Overall, prices were up 12%. Strong demand for city-centre apartments, especially two-bed properties, outstripped supply last year. This has had a significant effect on price growth in the capital.
A continued increase in the number of immigrants buying has also been a significant factor, particularly in the Parnell and Capel Street areas.
One agent estimates that they now buy one in 10 of all new homes on the market, while another places the figure nearer 30%.
The opening of the Port Tunnel will allow ease of access to the city centre and should make the Docklands a safer, cleaner and less noisy environment to live in.
With this in mind, agents anticipate that price increases in the city centre
will maintain an 8-10% level of growth this year.
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While owner-occupiers accounted for four in five of all new-home purchases, demand from investors was also strong, especially along the public transport corridors such as the Luas and Dart.
New one-bed apartment:
Jan 2005: €235,000
Jan 2006: €260,000
Jan 2007: €290,000
Second-hand one-bed apartment:
Jan 2005: €225,000
Jan 2006: €250,000
Jan 2007: €275,000
New two-bed apartment:
Jan 2005: €285,000
Jan 2006: €370,000
Jan 2007: €390,000
Second-hand two-bed apartment:
Jan 2005: €280,000
Jan 2006: €350,000
Jan 2007: €370,000
New two-bed town house:
Jan 2005: €335,000
Jan 2006: €370,000
Jan 2007: €400,000
Second-hand two-bed town house:
Jan 2005: €320,000
Jan 2006: €360,000
Jan 2007: €390,000
New three-bed town house:
Jan 2005: €365,000
Jan 2006: €450,000
Jan 2007: €500,000
Second-hand three-bed town house:
Jan 2005: €345,000
Jan 2006: €400,000
Jan 2007: €460,000
Second-hand three-bed semi:
Jan 2005: €360,000
Jan 2006: €450,000
Jan 2007: €500,000
One-bed cottage:
Jan 2005: €200,000
Jan 2006: €250,000
Jan 2007: €300,000
Two-bed cottage:
Jan 2005: €285,000
Jan 2006: €360,000
Jan 2007: €385,000
Period two-storey-over-basement
or larger terrace:
Jan 2005: €490,000
Jan 2006: €550,000
Jan 2007: €650,000
(Source: Hooke & MacDonald)
Dublin 2
South city centre, Temple Bar
Market view: Overall, prices were up 20%. Demand for apartments is also healthy south of the Liffey. In addition to professionals, first-time buyers and investors, the market last year also experienced an influx of empty-nest couples trading down to city-centre apartments from large suburban family homes.
These are particularly evident at the mid-to-upper end of the market, say agents. Penthouses and luxury apartments are popular with this segment of the market in both city-centre and suburban locations.
The delivery of Transport 21, extensions to the Luas and development of the proposed Metro are all critical factors in the continued growth of the south city-centre market.
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An extremely limited supply of brownfield sites in or near the city centre will also be a factor in pushing up prices.
New one-bed apartment:
Jan 2005: €320,000
Jan 2006: €350,000
Jan 2007: €380,000
Second-hand one-bed apartment:
Jan 2005: €305,000
Jan 2006: €340,000
Jan 2007: €370,000
New two-bed apartment:
Jan 2005: €400,000
Jan 2006: €450,000
Jan 2007: €480,000
Second-hand two-bed apartment:
Jan 2005: €385,000
Jan 2006: €430,000
Jan 2007: €460,000
New two-bed town house:
Jan 2005: €435,000
Jan 2006: €500,000
Jan 2007: €550,000
Second-hand two-bed town house:
Jan 2005: €435,000
Jan 2006: €480,000
Jan 2007: €515,000
New three-bed town house:
Jan 2005: €520,000
Jan 2006: €570,000
Jan 2007: €650,000
Second-hand three-bed town house:
Jan 2005: €520,000
Jan 2006: €580,000
Jan 2007: €600,000
New three-bed semi:
Jan 2005: €590,000
Jan 2006: €660,000
Jan 2007: €700,000
Second-hand three-bed semi:
Jan 2005: €590,000
Jan 2006: €600,000
Jan 2007: €680,000
One-bed cottage:
Jan 2005: € 330,000
Jan 2006: € 360,000
Jan 2007: € 390,000
Two-bed cottage:
Jan 2005: € 450,000
Jan 2006: € 460,000
Jan 2007: € 500,000
Second-hand two-bed terrace:
Jan 2005: € 360,000
Jan 2006: € 400,000
Jan 2007: € 450,000
Second-hand three-bed terrace:
Jan 2005: € 435,000
Jan 2006: € 520,000
Jan 2007: € 550,000
Period two-storey-over-basement or
larger terrace:
Jan 2005: € 1.1m
Jan 2006: € 1.2m
Jan 2007: € 1.6m
(Sources: Hooke & MacDonald, Sherry FitzGerald)
Dublin 3
Fairview, East Wall, North Strand
Market view: Overall in these areas, prices were up almost 20%. Dublin 3 prices continued to strengthen, especially in East Wall and North Strand, which are within 10 to 15 minutes’ walk of the city centre, and appeal to first-time buyers. The expansion of both Spencer Dock and the IFSC towards East Wall has pushed up prices further in that area. The proximity to town appeals to young professionals, and the supply of new apartment developments such as the Lighthouse and Castleforbes are giving house-hunters a broader range of options.
Luas and Dart lines further enhance the area, as does the burgeoning restaurant and new bar scene.
Clontarf, the Ballsbridge of the northside and a perennial favourite with Ireland’s captains of industry, showed strong demand.
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Not even the adverse publicity in the area last year caused by a vicious gangland killing deterred buyers.
The arrival of upmarket delis and bakeries on roads such as Vernon Avenue and the popularity of West Wood gym is a sure sign that the seaside village has not lost any of its cachet.
New one-bed apartment:
Jan 2005: € 270,000
Jan 2006: € 283,500
Jan 2007: € 315,000
Second-hand one-bed apartment:
Jan 2005: € 276,000
Jan 2006: € 293,000
Jan 2007: € 317,500
New two-bed apartment:
Jan 2005: € 356,400
Jan 2006: € 374,220
Jan 2007: € 393,000
Second-hand two-bed apartment:
Jan 2005: € 340,000
Jan 2006: € 360,000
Jan 2007: € 381,000
Former corporation three-bed:
Jan 2005: € 317,500
Jan 2006: € 340,000
Jan 2007: € 360,000
Second-hand three-bed semi:
Jan 2005: € 380,000
Jan 2006: € 402,000
Jan 2007: € 427,000
Second-hand four-bed semi:
Jan 2005: € 680,000
Jan 2006: € 750,000
Jan 2007: € 825,000
Second-hand four-bed detached:
Jan 2005: € 720,000
Jan 2006: € 800,000
Jan 2007: € 900,000
Second-hand five-bed detached:
Jan 2005: € 900,000
Jan 2006: € 1m
Jan 2007: € 1.1m
Second-hand two-up, two-down:
Jan 2005: € 317,500
Jan 2006: € 350,000
Jan 2007: € 400,000
Second-hand three-bed terrace:
Jan 2005: € 580,000
Jan 2006: € 620,000
Jan 2007: € 700,000
Two-bed cottage:
Jan 2005: € 340,000
Jan 2006: € 381,000
Jan 2007: € 440,000
Period two-storey-over-basement or
larger terrace:
Jan 2005: € 800,000
Jan 2006: € 900,000
Jan 2007: € 1m
(Source: Gunne Residential)
Clontarf
New one-bed apartment:
Jan 2005: € 295,000
Jan 2006: € 340,000
Jan 2007: € 370,000
Second-hand one-bed apartment:
Jan 2005: € 290,000
Jan 2006: € 330,000
Jan 2007: € 360,000
New two-bed apartment:
Jan 2005: € 360,000
Jan 2006: € 400,000
Jan 2007: € 440,000
Second-hand two-bed apartment:
Jan 2005: € 365,000
Jan 2006: € 410,000
Jan 2007: € 450,000
Former corporation three-bed:
Jan 2005: € 480,000
Jan 2006: € 520,000
Jan 2007: € 560,000
Second-hand three-bed semi:
Jan 2005: € 750,000
Jan 2006: € 800,000
Jan 2007: € 880,000
Second-hand four-bed semi:
Jan 2005: € 900,000
Jan 2006: € 1.15m
Jan 2007: € 1.3m
Second-hand four-bed detached:
Jan 2005: € 1.65m
Jan 2006: € 1.85m
Jan 2007: € 2m
Second-hand five-bed detached:
Jan 2005: € 1.65m
Jan 2006: € 1.85m
Jan 2007: € 2m
Second-hand two-up, two-down:
Jan 2005: € 418,000
Jan 2006: € 500,000
Jan 2007: € 580,000
Second-hand three-bed terrace:
Jan 2005: € 700,000
Jan 2006: € 750,000
Jan 2007: € 800,000
Two-bed cottage:
Jan 2005: € 500,000
Jan 2006: € 550,000
Jan 2007: € 600,000
Period two-storey-over-basement or larger terrace:
Jan 2005: € 1.4m
Jan 2006: € 1.8m
Jan 2007: € 2.2m
(Source Gunne Residential)
Dublin 4
Ballsbridge, Donnybrook, Sandymount, Ringsend
Market view: Overall, prices were up 13%. The cachet of a D4 address continues to charm wealthy status-seekers, keeping prices well out of the reach of first-time buyers in all but a few pockets of Ringsend and Irishtown, where there is a limited supply of artisan cottages and terraced houses. The Gasworks increased the stock of one- and two-bedroom apartments and attracted investors as well as owner-occupiers, due to its proximity to both the Dart and city centre. The tree-lined roads of Shrewsbury and Ailesbury continue to command astonishing prices. Elsewhere, prices continue upwards, with agents predicting inflation of 10% this year.
Second-hand one-bed apartment:
Jan 2005: € 363,000
Jan 2006: € 400,000
Jan 2007: € 400,000
Second-hand two-bed apartment:
Jan 2005: € 451,000
Jan 2006: € 496,000
Jan 2007: € 525,000
Second-hand two-bed town house:
Jan 2005: € 561,000
Jan 2006: € 617,000
Jan 2007: € 635,000
Second-hand three-bed town house:
Jan 2005: € 742,000
Jan 2006: € 816,000
Jan 2007: € 900,000
Second-hand three-bed semi:
Jan 2005: € 878,000
Jan 2006: € 983,000
Jan 2007: € 1m
Second-hand four-bed semi:
Jan 2005: € 980,000
Jan 2006: € 1.1m
Jan 2007: € 1.2m
Second-hand four-bed detached:
Jan 2005: € 1.54m
Jan 2006: € 1.72m
Jan 2007: € 1.9m
Second-hand five-bed detached:
Jan 2005: € 1.87m
Jan 2006: € 2m
Jan 2007: € 2.3m
Second-hand two-up, two-down:
Jan 2005: € 525,000
Jan 2006: € 588,000
Jan 2007: € 600,000
Second-hand three-bed terrace:
Jan 2005: € 798,000
Jan 2006: € 894,000
Jan 2007: € 900,000
Second-hand one-bed cottage:
Jan 2005: € 427,000
Jan 2006: € 478,000
Jan 2007: € 550,000
Second-hand two-bed cottage:
Jan 2005: € 490,000
Jan 2006: € 548,000
Jan 2007: € 600,000
Period two-storey-over-basement or larger terrace:
Jan 2005: € 2.2m
Jan 2006: € 2.5m
Jan 2007: € 3m
Large detached period house in own grounds:
Jan 2005: € 8.6m
Jan 2006: € 9.7m
Jan 2007: €10.5m
(Source: Lisney)
Dublin 5
Raheny, Killester, Artane, Donnycarney, Old Coolock
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Market view: Up 10%. Donnycarney, Artane and Old Coolock are very popular among first-time buyers and investors alike due to their relative proximity to the city centre, airport and public transport routes.
Unmodernised former corporation properties have inched above the lowest stamp-duty threshold of €317,500 and are now likely to sell in the next limit of €381,000. Hardy first-time buyers are targeting run-down properties in Artane, Beaumont and Coolock. Many plan to use SSIA windfalls to modernise them, according to agents. Former corporation properties in Donnycarney have risen by 12% in the past year.
Price refugees from Clontarf, Howth and Sutton have begun to target nearby areas such as Raheny and Killester. These mature suburbs are relatively affordable and are still close to transport links. Last year these gentrifying enclaves rose by between 7.5% and 10%.
A lack of supply should buoy the market. Last year, most properties that came to market had multiple bidders and sold quickly.
Second-hand one-bed apartment:
Jan 2005: € 265,000
Jan 2006: € 317,500
Jan 2007: € 374,000
Second-hand two-bed apartment:
Jan 2005: € 321,500
Jan 2006: € 375,000
Jan 2007: € 412,500
Former corporation two-bed:
Jan 2005: € 310,000
Jan 2006: € 381,000
Jan 2007: € 410,000
Former corporation three-bed:
Jan 2005: € 367,000
Jan 2006: € 420,000
Jan 2007: € 450,000
Second-hand three-bed semi:
Jan 2005: € 417,000
Jan 2006: € 520,000
Jan 2007: € 560,000
Second-hand four-bed semi:
Jan 2005: € 491,000
Jan 2006: € 576,000
Jan 2007: € 635,000
Second-hand four-bed detached:
Jan 2005: € 620,000
Jan 2006: € 810,000
Jan 2007: € 890,000
(Source: Gunne Residential)
Dublin 6/6W
Ranelagh, Rathmines, Rathgar, Dartry, Harold’s Cross, Terenure, Templeogue
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Market view: Up 12%. Access to amenities such as schools, parks and good public transport links are still at the wheel of demand in these southside Dublin postal districts.
Most of the period houses in this postal district have undergone refurbishment and the area is being revitalised by an influx of affluent young families.
There are few first-time buyers in this established area, with most people trading up from their current property, while second- or third-time buyers are trading their way back from west Dublin and beyond, now they are able to afford to return to the suburbs of their childhood. The pace-setting streets are those near Bushy Park, Rathdown, Fortfield and Eaton Square. These areas are close to Terenure village and Terenure College, and contain substantial properties with larger rear gardens.
Dartry performed well due to its very limited supply of prized trophy homes; Terenure and Templeogue also presented strong price results.
Templeogue experienced a rise in demand as families were pushed further out by the continual rise in house prices, while vendors sacrificed their large gardens, applying for planning permission for corner sites before going to market.
New properties are relatively scarce in all of these areas.
New one-bed apartment:
Jan 2005: €427,000
Jan 2006: €448,000
Jan 2007: €460,000
Second-hand one-bed apartment:
Jan 2005: €420,000
Jan 2006: €454,000
Jan 2007: €470,000
New two-bed apartment:
Jan 2005: €594,000
Jan 2006: €642,000
Jan 2007: €660,000
Second-hand two-bed apartment:
Jan 2005: €600,000
Jan 2006: €648,000
Jan 2007: €665,000
Second-hand two-bed town house:
Jan 2005: €540,000
Jan 2006: €583,000
Jan 2007: €600,000
New three-bed town house:
Jan 2005: €550,000
Jan 2006: €600,000
Jan 2007: €630,000
Second-hand three-bed
town house:
Jan 2005: €624,000
Jan 2006: €674,000
Jan 2007: €679,000
Second-hand three-bed semi:
Jan 2005: €666,000
Jan 2006: €719,000
Jan 2007: €735,000
New four-bed semi:
Jan 2005: €625,000
Jan 2006: €680,000
Jan 2007: €700,000
Second-hand four-bed semi:
Jan 2005: €720,000
Jan 2006: €778,000
Jan 2007: €800,000
New four-bed detached:
Jan 2005: €837,000
Jan 2006: €879,000
Jan 2007: €895,000
Second-hand four-bed detached:
Jan 2005: €840,000
Jan 2006: €907,000
Jan 2007: €930,000
New five-bed detached:
Jan 2005: €1.51m
Jan 2006: €1.59m
Jan 2007: €1.6m
Second-hand five-bed detached:
Jan 2005: €960,000
Jan 2006: €1m
Jan 2007: €1.1m
New three-bed bungalow:
Jan 2005: €594,000
Jan 2006: €624,000
Jan 2007: €635,000
Second-hand three-bed bungalow:
Jan 2005: €660,000
Jan 2006: €713,000
Jan 2007: €725,000
Second-hand two-up, two-down:
Jan 2005: €444,000
Jan 2006: €480,000
Jan 2007: €500,000
Two-storey, three-bed terrace:
Jan 2005: €852,000
Jan 2006: €920,000
Jan 2007: €940,000
One-bed cottage:
Jan 2005: €300,000
Jan 2006: €324,000
Jan 2007: €350,000
Two-bed cottage:
Jan 2005: €348,000
Jan 2006: €376,000
Jan 2007: €400,000
Period two-storey-over-basement or larger terrace:
Jan 2005: €1.5m-€2.7m
Jan 2006: €1.7m-€2.9m
Jan 2007: €1.8-€3m
Large detached period house in own grounds:
Jan 2005: €2.7m-plus
Jan 2006: €2.8m-plus
Jan 2007: €3m
(Source: Gunne Residential)
Dublin 7
Phibsborough, North Circular Road, Cabra, Stoneybatter
Market view: Up 15%. Anticipation of the Dublin Institute of Technology campus in Grangegorman has led to an increase in the number of apartments being built in the Stoneybatter and Smithfield areas. The Luas has pulled Smithfield and Arbour Hill closer to the city centre.
While Stoneybatter is known for a bohemian mix of actors, musicians and artists, one agent noted Cabra gaining popularity among Dublin’s gay community. The redevelopment of Phibsboro shopping centre, meanwhile, should cement its status as the most desirable address in Dublin 7.
Investors favour the period houses of North Circular Road.
New one-bed apartment:
Jan 2005: €260,000
Jan 2006: €275,000
Jan 2007: €290,000
Second-hand one-bed apartment:
Jan 2005: €245,000
Jan 2006: €260,000
Jan 2007: €280,000
New two-bed apartment:
Jan 2005: €320,000
Jan 2006: €340,000
Jan 2007: €360,000
Second-hand two-bed apartment:
Jan 2005: €300,000
Jan 2006: €320,000
Jan 2007: €340,000
Second-hand two-bed town house:
Jan 2005: €360,000
Jan 2006: €430,000
Jan 2007: €480,000
Second-hand three-bed semi:
Jan 2005: €535,000
Jan 2006: €650,000
Jan 2007: €700,000
Second-hand four-bed semi:
Jan 2005: €700,000
Jan 2006: €880,000
Jan 2007: €875,000
One-bed cottage:
Jan 2005: €220,000
Jan 2006: €290,000
Jan 2007: €317,000
Two-bed cottage:
Jan 2005: €300,000
Jan 2006: €330,000
Jan 2007: €345,000
Second-hand, two-up, two-down:
Jan 2005: €280,000
Jan 2006: €410,000
Jan 2007: €450,000
Second-hand three-bed terrace:
Jan 2005: €375,000
Jan 2006: €480,000
Jan 2007: €500,000
Period two-storey-over-basement or larger terrace:
Jan 2005: €800,000
Jan 2006: €850,000
Jan 2007: €900,000
(Source: Gunne)
Dublin 8
Christchurch, the Liberties, Portobello, Clanbrassil, Blackpitts, Inchicore, Kilmainham, Rialto, South Circular Road
Market view: Up 20%. Dublin 8 offers a diverse mix of property types and has long been a destination for southside-born first-time buyers. Portobello is something of a micro-market, where demand outstrips supply. Price rises in older areas such as the Liberties have been slower because of the volume of new apartments and town houses on offer in and around the Coombe, Cork and Clanbrassil Street areas. Areas not within easy walking distance of the city centre benefited greatly from the introduction of the Luas, but both investors and first-time buyers continue to chase properties within a stroll of the city centre.
New one-bed apartment:
Jan 2005: €250,000
Jan 2006: €270,000
Jan 2007: €285,000
Second-hand one-bed apartment:
Jan 2005: €230,000
Jan 2006: €245,000
Jan 2007: €260,000
New two-bed apartment:
Jan 2005: €295,000
Jan 2006: €310,000
Jan 2007: €325,000
Second-hand two-bed apartment:
Jan 2005: €265,000
Jan 2006: €295,000
Jan 2007: €310,000
Second-hand two-bed town house:
Jan 2005: €365,000
Jan 2006: €425,000
Jan 2007: €450,000
Second-hand three-bed town house:
Jan 2005: €375,000
Jan 2006: €450,000
Jan 2007: €475,000
Second-hand, two-up, two-down terrace:
Jan 2005: €355,000
Jan 2006: €410,000
Jan 2007: €435,000
Second-hand three-bed terrace:
Jan 2005: €420,000
Jan 2006: €465,000
Jan 2007: €490,000
One-bed cottage:
Jan 2005: €230,000
Jan 2006: €280,000
Jan 2007: €300,000
Two-bed cottage:
Jan 2005: €290,000
Jan 2006: €325,000
Jan 2007: €350,000
Period two-storey-over-basement or larger terrace:
Jan 2005: €635,000
Jan 2006: €875,000
Jan 2007: €950,000
(Source: Douglas Newman Good)
Dublin 9
Drumcondra, Santry, Beaumont, Glasnevin
Market view: Agents say the market in all areas of Dublin 9 is strong, with growth in these locations at about the 12%-13% mark. Those in the Drumcondra area report increases of as much as 20%.
The completion of the Port Tunnel will further improve the brisk trade in semi-detached houses in both Santry and Beaumont.
Investors and owner-occupiers with young families continue to favour this part of the capital, as it is close to both the city and to Dublin airport, and is well-serviced by public transport. Add an extra 25% to the average figures below for addresses in upmarket Drumcondra and Glasnevin.
New one-bed apartment:
Jan 2005: €270,000
Jan 2006: €280,000
Jan 2007: €315,000
Second-hand one-bed apartment:
Jan 2005: €300,000
Jan 2006: €320,000
Jan 2007: €335,000
New two-bed apartment:
Jan 2005: €340,000
Jan 2006: €350,000
Jan 2007: €405,000
Second-hand two-bed apartment:
Jan 2005: €300,000
Jan 2006: €340,000
Jan 2007: €380,000
New two-bed town house:
Jan 2005: €350,000
Jan 2006: €370,000
Jan 2007: €425,000
Second-hand two-bed town house:
Jan 2005: €340,000
Jan 2006: €350,000
Jan 2007: €390,000
Second-hand three-bed semi:
Jan 2005: €355,000
Jan 2006: €360,000
Jan 2007: €440,000
New five-bed detached:
Jan 2005: €600,000
Jan 2006: €700,000
Jan 2007: €800,000
Second-hand two-up, two-down terrace:
Jan 2005: €350,000
Jan 2006: €370,000
Jan 2007: €410,000
Two-storey, three-bed terrace:
Jan 2005: €400,000
Jan 2006: €415,000
Jan 2007: €450,000
Two-bed cottage:
Jan 2005: €340,000
Jan 2006: €350,000
Jan 2007: €380,000
Period two-storey-over-basement or larger terrace:
Jan 2005: €720,000
Jan 2006: €750,000
Jan 2007: €830,000
(Source: Lisney)
Dublin 10
Ballyfermot
Market view: Ballyfermot has made progress in catching up with its neighbour Drimnagh, with both first-time buyers and investors moving on its good stock of former local-authority housing. Agents report a 10% increase last year.
Rents of €1,200-plus can be achieved in the area for the first time, as well as prices of more than €317,500, the stamp-duty entry level, demonstrating increasing interest in the location.
Agents estimate investors make up almost half the purchasing power. Incremental increases of €10,000 are now required to put off any other purchasers, which is a first in Ballyfermot.
Most of the stock is in good condition and a shift towards demand for finished properties has helped to sell stock to first-time buyers, many of whom are happy to pay a premium for houses in good condition.
Traffic has eased on many of the main roads and many midlanders choose the area because of its proximity to the N4. Family-orientated houses with big gardens and side entrances that offer the potential to develop are at a premium.
Former corporation two-bed:
Jan 2005: €217,000
Jan 2006: €250,000
Jan 2007: €310,000
Former corporation three-bed:
Jan 2005: €250,000
Jan 2006: €280,000
Jan 2007: €330,000
Second-hand two-bed semi:
Jan 2005: €225,000
Jan 2006: €257,000
Jan 2007: €325,000
Second-hand three-bed semi:
Jan 2005: €250,000
Jan 2006: €285,000
Jan 2007: €340,000
(Source: Berkeley & Associates)
Dublin 11
Glasnevin North, Old Finglas, Ballymun
Market view: In the last three months of 2005 agents reported a surge in prices in the Glasnevin and Old Finglas areas because supply is limited, with a large three-
bedroom semi-detached home on Glasnevin Avenue going for a record €625,000. This type of house has shown some of the highest price increases for the area.
Old Finglas saw an increase in the number of investors in the area. The demand for small two- and three-bedroom homes in the Finglas East/Finglas West area for investment increased considerably this year.
There was also a lot of movement in the modern semi-detached houses in the Lanesborough/Charlestown area. With Ikea on the way, the regeneration of Ballymun continues.
Second-hand two-bed apartment:
Jan 2005: €280,000
Jan 2006: €290,000
Jan 2007: €317,500
Second-hand two-bed town house:
Jan 2005: €300,000
Jan 2006: €315,000
Jan 2007: €335,000
Second-hand three-bed town house:
Jan 2005: €350,000
Jan 2006: €365,000
Jan 2007: €381,000
Second-hand three-bed semi:
Jan 2005: €380,000
Jan 2006: €400,000
Jan 2007: €425,000
Second-hand three-bed bungalow:
Jan 2005: €390,000
Jan 2006: €410,000
Jan 2007: €440,000
Period three-bed:
Jan 2005: €525,000
Jan 2006: €545,000
Jan 2007: €585,000
Two-bed cottage:
Jan 2005: €315,000
Jan 2006: €330,000
Jan 2007: €360,000
Large period terrace:
Jan 2005: €600,000
Jan 2006: €650,000
Jan 2007: €720,000
(Source: Mason Estates)
Finglas West
Market view: Trading to the end of 2005 was brisk and demand far exceeded supply with a large increase in investment activity. The third quarter of 2005 pushed prices up significantly, as much as 10% in the last three months of the year. The area’s proximity to the city centre and M50 has boosted prices.
A new leisure centre, shopping centre and the introduction of a new stock of three-bedroom houses and duplexes will all continue to drive prices. It is also the first time that the investor has been evident.
Former corporation two-bed:
Jan 2005: €210,000
Jan 2006: €235,000
Jan 2007: €255,000
Former corporation three-bed:
Jan 2005: €225,000
Jan 2006: €260,000
Jan 2007: €290,000
Second-hand two-bed apartment (rare):
Jan 2005: €250,000
Jan 2006: €240,000
Jan 2007: €255,000
New three-bed town house (rare):
Jan 2005: €240,000
Jan 2006: €285,000
Jan 2007: €317,000
Second-hand three-bed semi:
Jan 2005: €235,000
Jan 2006: €270,000
Jan 2007: €300,000
(Source: Lowe & Associates)
Dublin 12
Walkinstown, Greenhills, Kimmage, Crumlin, Sundrive, Drimnagh, Naas Road, West Terenure
Market view: Up 25%. Dublin 12’s value for money ensures that it remains a popular place for house-hunters interested in living close to the city centre. Parts of Crumlin and Drimnagh are providing good value for those wanting two-bed town houses and former corporation properties as they can take advantage of the stamp duty exemption on properties of up to €317,500. Price rises are also being fuelled by lending institutions offering 100% finance.
Young families hoping to trade up are actively investigating Walkinstown, Greenhills, Sundrive and Kimmage, where homes of ample proportions and a selection of secondary schools present them with their perfect property mix.
The Luas red line has been instrumental in increasing demand in areas such as Drimnagh, Rialto, Inchicore and Kilmainham.
Second-hand one-bed apartment:
Jan 2005: €235,000
Jan 2006: €256,000
Jan 2007: €280,000
Second-hand two-bed apartment:
Jan 2005: €275,000
Jan 2006: €295,000
Jan 2007: €335,000
Second-hand two-bed town house:
Jan 2005: €315,000
Jan 2006: €334,000
Jan 2007: €370,000
Second-hand three-bed town house:
Jan 2005: €350,000
Jan 2006: €367,500
Jan 2007: €420,000
Second-hand three-bed semi:
Jan 2005: €375,000
Jan 2006: €394,000
Jan 2007: €445,000
Second-hand four-bed semi:
Jan 2005: €430,000
Jan 2006: €451,500
Jan 2007: €495,000
Second-hand four-bed detached:
Jan 2005: €500,000
Jan 2006: €525,000
Jan 2007: €575,000
Second-hand, two-up, two-down terrace:
Jan 2005: €280,000
Jan 2006: €297,000
Jan 2007: €330,000
Second-hand two-storey three-bed terrace:
Jan 2005: €300,000
Jan 2006: €318,000
Jan 2007: €335,000
Two-bed cottage:
Jan 2005: €310,000
Jan 2006: €329,000
Jan 2007: €370,000
(Source: Property Partners Brady)