It has been a strong year for price growth in Dublin 8, appealing as it does to a wide variety of buyers.
2014 saw increases across the board according to DNG's Eunan Doherty with the western section (Inchicore, Kilmainham, The Liberties and Rialto) appealing more to first-time buyers due to the fact that you can get a well presented three-bedroom house in an established estate with easy access to the city centre for under €300,000 - a difficult feat anywhere else in this postcode.
The Christchurch area is one of the most popular locations among investors due to its central location and attractive yields.
A two-bed apartment selling for €220,000 can bring in €1,200 p.m. which, when coupled with the Capital Gains Tax exemption still available until the end of last year, meant these were snapped up as soon as they came on the market with competitive bidding.
|2/3 storey over basement,||€600,000||€700,000||€775,000|
|"4/5 storey over basement",||€750,000||€900,000||€1,000|
One of the strongest performing markets here is Portobello and along the South Circular Road.
Cash buyers are still very much in evidence with up to 50pc of sales going in this direction.
In 2014, more than previously, vendors were prepared to deal on an equal basis with mortgaged buyers, knowing that prudent underwriting by banks meant that Approval in Principle was a better indicator that sales would close.
Banks are notoriously challenging when lending on properties that need a lot of work, but Doherty says that those turning up for viewings had this sorted, in the main.
Over near St. James' Hospital there was added activity, given its selection for the new Children's Hospital campus.
The Luas line attracted also and developments like Mount Brown were very competitive.
"It's a huge draw for buy to lets and rental yields can only increase when the hospital comes on board," says Doherty.
For 2015 he sees steady growth of 10-15pc. "There's lots going on and much appeal still here".