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  • Southside

Southside property sales are on the increase

Friday, 17th November, 2017 8:00am
Southside property sales are on the increase

PropertyMarket.jpg

Southside property sales are on the increase

PropertyMarket.jpg

PARTS of the Southside have seen some of the highest number of property sales in Dublin, a new report has revealed.

Analysis of the Property Price Register for the first half of 2017 shows a significant increase in sales in all post codes across the city with Dublin 18 and Dublin 8 coming close to the top of the list.

A detailed study of the Dublin property market shows that the number of transactions rose in all but four of Dublin’s 22 postal code districts in the first six months of 2017.

According to the research, which was carried out by MyHome.ie, there were 7,461 sales in the first half of 2017, an increase of 11 per cent on the 6,714 recorded for the same period last year. 

While Dublin 15 was once again the postal district with the largest number of sales in the first six months (751), it has been closely followed by Dublin 18 on 387 and Dublin 8 with 366 sales.

Angela Keegan, managing director of MyHome.ie, said while the increase was positive, the continuing sprawl of the city was a concern.

“Builders are now building in staggered phases so the supply is coming through more slowly,” she said. “The pent-up demand, caused by the lack of supply and shortening sale agreed times ensure any new properties coming on the market are absorbed very quickly.

“One of the key issues for people buying properties on the outskirts of the city is the commute to work. While first time buyers are increasingly desperate to buy their own homes, commuting times are increasing at an alarming rate as the city spreads beyond the M50 and this will be a huge issue for Dubliners in the years ahead. But clearly it should be a major concern for our planners right now,” Ms Keegan warned.

Dublin 18, which has 17 new developments in areas like Stepaside, Carrickmines and Sandyford recorded the second highest number of sales while there were 400 sales in neighbouring Dun Laoghaire.

 Other postal districts which showed a significant increase in activity compared to this time last year include Dublin 22 up 31 per cent

 In Dublin 8, up 34 per cent, activity centred on Inchicore and the South Circular Road where there were 84 sales. Twenty-one apartments at The Ice Rink in Dolphins Barn were also sold as were 13 in St Catherine’s Church on Bridgefoot Street.

 Dublin 14 saw the number of sales increase by 29 per cent to 268 with activity focused on Rathfarnham, Churchtown, Dundrum and Clonskeagh.

The highest price paid for a house in Dublin in the first six months of the year was the €8.45m spent on Fintragh, 11 Shrewsbury Road. The postal code with the highest average price was also Dublin 4 with an average price of €890K.

It was followed by Dublin 6 on €740K, Dublin 14 on €558K, Dublin 6W on €529 and Dublin 18 on €510.

MyHome’s analysis also shows that there were 290 Dublin houses sold in the first six months of 2017 for €1m or more. Eighty-six of these were sold in County Dublin, the vast majority in the south of the county in areas such as Dun Laoghaire, Dalkey, Blackrock, Monkstown and Sandycove

There were 61 such sales in Dublin 4, 49 in Dublin 6 and 21 in Dublin 18.

Read the digital editions of the Dublin People Northside East, Northside West & Southside here