Dublin 4 residential market update 2024
The main trend in the Dublin 4 residential property market right now, and for the last 12 months, has been the mismatch between supply and demand especially for houses in turn-key condition. A key reason for the low supply of properties for sale was the reluctance to sell on the part of many older couples…
Dublin 8 residential sales market 2024
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…
The Owen Reilly Report 2024
2023 was a very interesting year for the Dublin residential property market and despite numerous challenges the market performed very well. After falling at the start of the year, property values are up 1 to 2 per cent in our core markets despite ten consecutive interest rate hikes by the ECB. Overall, property prices have increased because the…
Dublin 6 Residential Sales Market 2023
In 2023, the residential market performed very strongly in Dublin 6 underpinned by low stock, especially for houses in turn-key condition. Our average selling prices were 5.5% over asking prices. It was not unusual for us to see open viewing figures on launch weekends with 30 to 40 parties attending for houses and 20 plus…
Q3 2023 Dublin residential market report
Our transactional data confirms that values are up nearly 3% in 2023 in the Dublin neighbourhoods we are operate in despite the increase in interest rates, the war in Ukraine and the cost-of-living crisis. The main reason property prices values are on the rise is quite simply supply is not meeting demand. The number of properties listed…
Docklands residential market H1 2023
It was a very active six months in the Dublin Docklands residential property market with a 15% increase in transactions compared to the same period in 2022. Average selling prices were 2.5% over asking prices. 40% of our properties were agreed above asking with an average price of €498,000. 22% were agreed below asking. There…
H1 2023 Dublin residential market report
Our transactional data confirms trends we saw in the prime Dublin residential market last year continued into the first six months of 2023 despite the continued rise in interest rates. The supply of properties for sale has not met demand, especially on turn-key houses. 73% of our sellers are landlords as the number leaving the market has again accelerated, further…