Dublin 14 prices increased depending on locality in this varied South Dublin location by between 15pc and 20pc following a 2013 increase of 22pc.
Shortage of supply was a key issue affecting the area, like many others. Agent Cathal Macarthy saw a good level of cash savings accumulated by buyers and banks prepared to lend more.
He expects supply to continue as a driver of sales this year although Central Bank requirements on deposits are expected to slow the increase in growth.
However, in the majority of his transactions, the loan-to-value ratio are much lower than the 80pc expected, with the odd exception.
|"Detached 1,500-2,000 sq ft",||€650,000||€850,000||€875,000|
|"Detached 2,000+ sq ft",||€1,500||€1,500||€1,600|
|2/3 Storey over basement,||€600,000||€750,000||€775,000|
In properties up to the €300,000 mark, very few were over this prudent level and those houses at the higher end, generally bought by trader-uppers, were mostly secured with 50pc mortgages.
Cash sales still accounted for 50pc of the total and investors were interested in one and two-beds in the main.
The vast bulk of sales were either from those trading down with many empty nesters being tempted by better prices this year.
"Many of those in Clonskeagh and Dundrum have lived there for 40 or more years.
If I could get 40 two-beds in these areas I'd sell them to these people; they want to stay near the village, church and community facilities and their families".
Executor sales made up about half of McCarthy's book. However, it was mainly owner-occupiers purchasing here with a small percentage of investors availing of the CGT deadline towards December.
With interest rates so low, McCarthy sees future buoyancy in the market but with a slower rate of increase.
Given its proximity to the city centre (under 7km), and the service of the Luas, demand is expected to remain high with price increases of 5-8pc anticipated.