The Dublin 8 residential market was the strongest performer in our key markets in 2023. Average selling prices were 9% over asking prices. This performance was underpinned by a lack of supply of properties for sale in Dublin 8, down 23% when compared with 2022. Of course property type, condition and price range were big factors in performance.
The demand was led by first-time buyers who accounted for 93% of our owner occupiers. Investor demand was lower in Dublin 8 compared to the rest of Dublin, at just 12% of our overall buyers. 69% of our properties were agreed over asking with an average selling price of €557,938.
Overall demand and selling prices remained robust across Dublin 8, particularly for houses in turn-key condition in sought-after neighbourhoods including Portobello, Kilmainham, and areas close to South Circular Road. We had a record sale at 13 Raymond Street, which sold for 27% above asking and within 4 weeks.
Key highlights from our 2023 transactional data:
- 31% of buyers required no mortgage funding.
- Investors accounted for only 12% of buyers.
- Our average selling price was €557,938 or €645 per sq. ft.
- Average selling prices were 9% over asking prices.
- The average age of our buyers was 35.
- Average selling times were fast at 5.5 weeks.
If you are looking to sell your property in Dublin 8, please reach out for best advice and to arrange a complimentary valuation. Connect with us.
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