Friday 25 May 2018

Dublin 17: Modest growth after an unsustainable 2014

11 Templeview Rise, Clarehall. Sold for €261,000.
11 Templeview Rise, Clarehall. Sold for €261,000.

Modest single-digit percentage price increases occurred in Dublin 17 during 2015, and more of the same is predicted for this year. This followed an unsustainable 22pc surge in values in 2014.

"Apartments are selling well in Clare Village and Northern Cross, as there is big demand from people renting in the area," says Andrew Corry of Corry Estates.

"Rents are very high and that makes buying more attractive. In fact, most of our sales last year were to owner-occupiers coming out of renting. Properties are selling if they are priced right."

As well as apartments, there is steady demand for three- and four-bed semi-detached houses.

"Families who want more space are keen on Clare Hall, Beech Lawn and Clonshaugh," says Corry. "People who have grown up in these areas want to stay close to their families, as many grandparents help with childcare."

For 2016, Corry is expecting houses in good condition to attract a premium, as it's easier to get a mortgage to buy at a higher price than it is to buy at a lower price and put work into a property.

A new development - Parkside in Balgriffin, Dublin 13 - may take buyers out of Dublin 17, says Corry, as it is very closeby and will appeal to buyers preferring a new house to a second-hand one.

Irish Independent

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