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…
May Sales and Rental Market Update
In May our average selling prices were 8% over asking, the highest figure we have recorded since April last year. Just over half of our properties were agreed above asking, 8% below. This performance is driven by a chronic shortage of properties for sale in our key markets, and our total number of sales were…
April Sales and Rental market update
April is always a busy month in the Dublin residential market and our transactional data confirms it is still a seller’s market in most areas of Dublin underpinned by low supply and strong demand from owner occupiers and investors. Our average selling price was €584,639/€640 per sq. ft. Average selling prices were 5% over asking…