News

Portobello Residential Report 2020

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

Link to report here