Dublin flat prices
Some Dublin developers have been among the first to bite the bullet when it came to slashing prices for one-bedroom flats. This was especially noticeable for new developments on the northern and western fringes of the city. Consequently, prices for new apartments in these areas are pitched well below the average Dublin prices as well as being below some second-hand apartments.
For instance developer David Daly, who has consistently recognised the price sensitivity of buyers, cut the prices at his Clare Village apartments on the northside by up to 60pc with one bedroom units, there priced at €129,950. In the south western suburbs, one-bedroom units at New Bancroft in Tallaght are priced from €125,000.
When compared with the average new Dublin one-bedroom unit of €154,000, those two new developments appear to offer relatively good value.
Other new developments with units well below the €200,000 price include: Newcastle Lyons in Newcastle, Stratton in Adamstown, The Paddocks in Adamstown, the Hastings in Balbriggan, Slade Castle in Saggart, Barnwell in Hansfield, Belarmine Hall in Stepaside and Canon Hall in north Docklands.