Revealed: the property hotspots that should be on house hunters’ radars
Published 10/09/2016 | 02:30
Phibsborough in Dublin 7 has been named as Ireland's property hotspot.
The north city suburb has been judged as the area likely to see the most value added to average homes in the coming year.
That's according to a survey conducted by the Irish Independent in conjunction with a panel of three experts, all with access to a nationwide property network.
The new combined DIT colleges site set to open at Grangegorman and the pending arrival of the Luas are key factors.
The area's central location with a supply of undervalued, affordable homes and the presence of the Mater Hospital all combine to make it the area most likely to surge in the coming 12 months. Three-bedroom period terraces in the area are currently priced at about €395,000.
Coming in second place in the capital is the Ringsend/ South Docks area, thanks to a concentration of multinational employers such as Google, a dynamic architect designed modern landscape at the Canal Basin and a clutch of more affordable smaller homes with a Dublin 4 address. Other locations mentioned in Dublin include Harold's Cross, City West, Ashtown and Dún Laoghaire.
The survey also named Blackrock/Ballinlough as the ultimate property hotspot in Cork city, with affordable homes in high demand in the latter area in particular. Douglas/Rochestown came second on Leeside.
Meanwhile, Limerick's hottest location was judged to be the North Circular/ Ennis Road district where a tight supply of top-end homes are being sought by wealthy locals alongside successful individuals returning from years spent abroad. Renmore has been identified as Galway city's hottest property location.
The results of the survey are published in 'House Hunter 2016' - our definitive home buyers' guide free with today's newspaper.