Sunday 11 December 2016

Price Guide: Dublin City South

Published 17/09/2010 | 15:52

The Aviva Stadium, the home of Irish rugby and soccer in Ballsbridge, Dublin
The Aviva Stadium, the home of Irish rugby and soccer in Ballsbridge, Dublin

One of the most expensive locations in the country, the average price of new homes in Dublin City South is estimated at €360,100 — down 50pc from peak levels — and €366,300 for secondhand homes — down 48pc.

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Average apartment prices have fallen to half their peaks, the biggest declines to date have been for large houses, in particular second-hand four-bedroom semi-detached houses. These properties are now down to an average of €501,000, having peaked at an average of €1.3m.

All respondents agree that there has been increased sales activity since April. Time to sell takes between six and 15 weeks. Examples of recent sales include: a three-bedroom mid-terrace house in Clonskeagh for €470,000; a three-bedroom mid-terrace house in Booterstown for €450,000; a two-bedroom apartment in Dublin 4 for €340,000; a three-bedroom semi-detached house in Clonskeagh for €565,000 after very strong competition; a three-bedroom detached property in Ranelagh that sold at auction for €1.46m and a five-bedroom detached house in Donnybrook that sold for €2.4m.

While there is an oversupply of apartments, agents remarked on a lack of good quality three and four-bedroom semidetached and four-bedroom detached houses to meet the requirements of a growing pool of prospective buyers. Overall, there are fewer properties on the market now than compared to four months ago.

Most respondents are hopeful of increased sales activity.

New One-Bedroom Apartment

August 2010: €217,500

April 2010: €225,000

Peak Price: €400,000

Change Aug v Apr: -3pc

Change Aug 2010 v Peak: -46pc

Second-hand One-Bedroom Apartment

August 2010: €190,000

April 2010: €217,000

Peak Price: €392,000

Change Aug v Apr: -12pc

Change Aug 2010 v Peak: -52pc

New Two-Bedroom Apartment

August 2010: €290,000

April 2010: €290,000

Peak Price: €587,500

Change Aug v Apr: 0pc

Change Aug 2010 v Peak: -51pc

Second-hand Two-Bedroom Apartment

August 2010: €256,000

April 2010: €288,000

Peak Price: €504,000

Change Aug v Apr: -11pc

Change Aug 2010 v Peak: -49pc

New Two-Bedroom Townhouse

August 2010: €367,500

April 2010: €350,000

Peak Price: €625,000

Change Aug v Apr: 5pc

Change Aug 2010 v Peak: -41pc

Second-hand Two-Bedroom Townhouse

August 2010: €331,700

April 2010: €327,000

Peak Price: €563,000

Change Aug v Apr: 1pc

Change Aug 2010 v Peak: -41pc

New Three-Bedroom Townhouse

August 2010: €370,000

April 2010: €353,000

Peak Price: €670,000

Change Aug v Apr: 5pc

Change Aug 2010 v Peak: -45pc

Second-hand Three-Bedroom Townhouse

August 2010: €358,300

April 2010: €355,000

Peak Price: €620,000

Change Aug v Apr: 1pc

Change Aug 2010 v Peak: -42pc

New Three-Bedroom Semi-d

August 2010: €435,000

April 2010: €470,000

Peak Price: €830,000

Change Aug v Apr: -7pc

Change Aug 2010 v Peak: -48pc

Second-hand Three-Bedroom Semi-d

August 2010: €453,300

April 2010: €423,000

Peak Price: €790,000

Change Aug v Apr: 7pc

Change Aug 2010 v Peak: -43pc

New Four-Bedroom Semi-d

August 2010: €510,000

April 2010: €535,000

Peak Price: €950,000

Change Aug v Apr: -5pc

Change Aug 2010 v Peak: -46pc

Second-hand Four-Bedroom Semi-d

August 2010: €501,000

April 2010: €555,000

Peak Price: €1,300,000

Change Aug v Apr: -10pc

Change Aug 2010 v Peak: -61pc

New Four-Bedroom Detached

August 2010: n.a.

April 2010: €700,000

Peak Price: €1,450,000

Change Aug v Apr: n.a.

Change Aug 2010 v Peak: n.a.

Second-hand Four Bedroom Detached

August 2010: €763,000

April 2010: €800,000

Peak Price: €1,550,000

Change Aug v Apr: -5pc

Change Aug 2010 v Peak: -51pc

Irish Independent

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