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The Market

Five-figure amounts are being achieved for top-end homes in Dublin 4 and Dalkey/Killiney in particular. The agency’s annual report reveals they made such sums last year.

Lisney says these five-figure rents are obtainable for the larger homes that are let in south Co Dublin that are fitted to the very highest standards.

The agency’s report also highlights a new shortage of exclusive properties to rent in the capital’s embassy belt of D2 and D4, and also in swish coastal regions such as Dalkey.

The areas most affected include Blackrock, Killiney, Clontarf, Sutton and Howth. Tenants are migrating further from central areas along the Luas line, with more moving further afield to Dundrum, Churchtown and Sandyford.

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The agency says that with capital values so high, investors are now reluctant to buy properties to let.

The latest report from Halifax says homes in Northern Ireland rose by 14.8% last year.

The UK-wide survey shows that only Scotland — at 14.1% — came close, with most parts of Britain showing only single-digit increases.

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The Jones Lang LaSalle agency warns that a slump in demand from buy-to-let investors means those areas with an oversupply of new flats could see prices tumble later this year.