Friday 19 January 2018

Hike of 20pc set to slow as banks to withhold credit

The Villager, Chapelizod. Photo: Jean Curran
The Villager, Chapelizod. Photo: Jean Curran

DUBLIN 20

Chapelizod, Palmerstown

Up 20%

One Year Forecast: Up 12%

Average price: €250,000

Assessing Agent: Berkeley & Associates.

The Market:

Since May, a sharp spike in prices of 20% has been witnessed in D20, according to the area's veteran estate agent, Roger Berkeley of Berkeley & Associates.

If this seems high, consider that D20 lost 21% of its values in 2009 alone.

A scarcity has caused enthusiastic bidding with many more cash buyers going up against mortgage bidders in the last year.

This was particularly the case for semi-detached properties in popular family areas, but Mr Berkeley expects this to level out somewhat during 2014 in the absence of further credit being extended and the banks getting increasingly "niggly".

A 12% hike is more likely for 2014 as there is no sign of an end to the shortage of stock.

The PRICES:

2-bed apartment:

Jan 2013: €115,000

Jan 2014: €138,000

Jan 2015: €155,000

2up 2 down:

Jan 2013: €141,000

Jan 2014: €170,000

Jan 2015: €190,000

3-bed terrace:

Jan 2013: €250,000

Jan 2014: €300,000

Jan 2015: €336,000

2-bed townhouse:

Jan 2013: €142,000

Jan 2014: €170,000

Jan 2015: €190,000

3-bed townhouse:

Jan 2013: €250,000

Jan 2014: €300,000

Jan 2015: €336,000

3-bed semi:

Jan 2013: €200,000

Jan 2014: €240,000

Jan 2015: €269,000

4-bed semi:

Jan 2013: €233,000

Jan 2014: €280,000

Jan 2015: €314,000

3-bed bungalow:

Jan 2013: €150,000

Jan 2014: €180,000

Jan 2015: €202,000

3-bed duplex:

Jan 2013: €145,000

Jan 2014: €175,000

Jan 2015: €196,000

Irish Independent

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