Some of the more interesting data from 2019 for this sector include:
- Average asking price was €615,382. Average price per sq. ft. was €547, up 3% on 2018.
- Different tiers of the market are performing very differently with average selling versus asking price up 1.4%.
- Selling times were longer and we are increasingly dealing with owner-occupiers.
- YOY rents increased 5.3%. However, rents on 1 beds increased to over 7% due to the chronic shortage.
- 68% of our tenants were non-Irish.
- 54% of our tenants work in the technology sector and seek no longer than a 30-minute walk to work.
- Average monthly rental is now €2,483 per month