Friday 15 December 2017

66pc believe capital is 'racing ahead' in recovery

Irish Independent Opinion Poll
Irish Independent Opinion Poll
At Eight Degrees Brewing in Mitchelstown, Co. Cork: Head Brewer Mike Magee with Caroline Hennessy, Paudie Mc Auliffe, John Power and Derek Neville Picture: Michael Mac Sweeney/Provision
Fionnan Sheahan

Fionnan Sheahan

Dublin is benefiting more than the rest of the country from the economic recovery, two-thirds of voters say in an Irish Independent / Millward Brown opinion poll.

The view is particularly prevalent on Connaught-Ulster, where three-quarters of people believe there is a twin track recovery, and in Munster where seven in 10 feel the capital is benefiting disproportionately.

The findings of the poll back up the perception that Dublin is seeing an upturn in economic fortunes and is outpacing the rest of the country.

The poll finds 66pc of people feel the Greater Dublin Area is recovering at a faster pace than the rest of the country.

Just 3pc believe Dublin is making slower progress, 19pc say there is no difference and 4pc say there is no upturn at all.

The view that the capital is racing ahead is higher among people who live in Connaught and Ulster, 76pc; Munster residents, 72pc; those over 65, 72pc; rural dwellers, 70pc; people who support Independent candidates, 71pc; and higher income earners, 69pc.

The perception there is no difference in the level of recovery is higher among Dublin residents, 31pc; Fine Gael supporters, 27pc; and 25- to 34-year-olds, 22pc.

In many towns across the country, the number of empty shops on main streets indicate the recovery has not spread evenly. The capital recovery is particularly evident in the property market.

Dublin has been named as one of the "rising stars" of the global property market, and the super-rich are being strongly encouraged to park their cash here.

High demands and low supplies of new housing are driving up property prices.

Dublin house prices are now rising by €5,000 a month, according to a study by auctioneers Douglas Newman Good. The group's last House Price Gauge suggested house prices in the capital had risen by 23pc in the last year as demand continues to exceed supply.

The figures also indicated average prices in Dublin rose by 8.9pc during the first quarter of the year – the seventh consecutive quarterly rise.

Some studies have given contrasting pictures of what was happening outside the capital in property prices for the first quarter of 2014.

While prices in Dublin are continually rising, prices in the country go up at a smaller pace.

Irish Independent

Promoted Links

Today's news headlines, directly to your inbox every morning.

Promoted Links

Editor's Choice

Also in Irish News