Ask the Experts: In what locations do you expect to see most growth in the property market this year?
Published 23/01/2016 | 02:30
The regional centres outside Dublin, particularly Cork, Galway and Limerick. Price growth in Dublin will be in the low single digits whilst there is evidence outside of Dublin of mid to high single digit growth.
Michael is the managing director of the Sherry FitzGerald estate agency group which has a 66 branch network including franchises, He has more than 26 years experience in the sector.
Outside Dublin we tip healthy price growth in the Dublin commuter towns, the normal hotspots such as Cork and Galway cities but also strong recovery in the county areas of Galway and Cork and the likes of Limerick, Kilkenny, Sligo, Longford, Roscommon and Waterford.
Dublin locations likely to show the best growth this year are suburbs serviced by the new Luas line stretching from the city, northwards passing new stations at Parnell Street, Grangegorman, Phibsboro, Cabra and out to Broombridge.
West Dublin from Ballycullen to City West will perform well as will the old reliables such as Ranelagh, Rathgar, Donnybrook and Ballsbridge on the south side and Castleknock and Clontarf to Howth on the north side.
Keith Lowe is CEO of Douglas Newman Good, which has 75 offices throughout the country. He has 32 years experience in the property sector having joined the firm in 1984.
In Dublin, southside areas such as Terenure, Templeogue, Sandymount, Booterstown, Rathgar, Stillorgan, Ranelagh and Blackrock are popular, while on the Northside; Clontarf, Malahide, Raheny and Drumcondra are in high demand.
The majority of family buyers are in their mid-30s to mid-40s. These are couples with young families - both in Ireland and living abroad - looking to buy good solid three- and four-bed semi-detached homes, close to schools and within easy reach of the city centre.
For corporate, the Docklands, Grand Canal Square, Dublin City Centre and luxury apartments in Dublin 2 and 4, close to technology companies including Google, Facebook, Twitter etc, are all in high demand.
Marian McQuillan is the CEO of Quillsen, formerly Gunne Estate Agents and was previously a director of Purcell McQuillan Tax Partners.
It is my belief that the regional cities will do well with price growth through 2016. Supply there is getting tighter all the time and they still did not get the full spurt of growth that Dublin experienced during 2014 and early 2015.
Pat Davitt is the CEO of the Institute of Professional Auctioneers and Valuers (IPAV). Pat has more than 33 years experience in the sector, spending much of it running a family based auctioneering firm in Mullingar.