DUBLIN 2

Dublin 2 house prices: south inner city, Grand Canal Dock and Docklands

Growth of the private rental sector sees new apartment buildings sold as single lots
New developments in areas such as Grand Canal Dock sold to institutional investors as whole blocks of apartments
New developments in areas such as Grand Canal Dock sold to institutional investors as whole blocks of apartments
ALAMY

Grand Canal Dock, South city centre
CSO median house price: €380,000
2019 prediction: up 4%-5%, for the sub-€400,000 market

Dublin 2 also experienced a two-tier market last year. The sub-€400,000 market was strong, with values increasing by 5%-6%. Values in the mid-level market — in the €550,000 to €650,000 bracket — were flat and at the same level as at the end of 2017, according to agent Owen Reilly.

“The top end of market had a great start, but regressed in the past six months,” says Reilly. “With supply of apartments up 41%, compared with 2017, we experienced longer selling times of 6.9 weeks, compared with 5.2 weeks in 2017. The average asking price was €533,208, and the average selling price only 2.4% higher, compared