Saturday 18 November 2017

Dublin 11: Old and new Dublin 11 family estates rise 5pc

35 Willow Park Grove, Glasnevin, Dublin 11. Sold for €600,000.
35 Willow Park Grove, Glasnevin, Dublin 11. Sold for €600,000.

The last 12 months was a tough one for anyone selling middle to high-end property in D11 because the Central Bank rules have had such an impact. That said, prices overall rose by around 9pc, much cooled from 2014, which had seen a massively unsustainable 18pc surge in values.

"There are a lot of people who decided to wait and see after the Central Bank rules changed, so there is still a lot of uncertainty around," says Christina Wilson of Wilson Moore.

"Dublin 11 comprises a huge range of different property types. Ballymun is almost all ex-corporation stock, Finglas is a mix, and Glasnevin is all private housing. It makes for a very diverse market."

Finglas is divided between the 'new' and 'old' areas. The housing stock in the 'old' areas is all ex-corporation houses, while 'new' Finglas has been developed mostly within the last 15 years.

"New Finglas is more popular," says Wilson, "particularly with the new Irish. Eastern Europeans like it because it is close to town, good value, handy for the M50 and has good amenities. Lanesborough and Charlestown are two good developments.

"Old Finglas is more sought-after by people who grew up in the area and want to be close to their parents for child-minding. Ballygall, in old Finglas and backing on to Glasnevin, is an area that is in demand."

Wilson says that the more high-brow Glasnevin remains perennially popular with families - "DCU is very important, and people who are from Glasnevin want to live there" - and that there is a huge demand for bungalows from older people downsizing.

Ballymun, meanwhile, not only offers great value but also ease of access to the city centre. "There's good demand for one-bed apartments throughout Dublin 11," says Wilson.

As she looks forward to 2016, Wilson is predicting similarly modest growth of 5pc.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Editors Choice

Also in this section