Location, location... price inflation – demand for prime property in capital pushes up apartment prices by 15%
Last November, a two-bedroom apartment in Custom House Square was sold for €200,000. This month, the similar apartment next door was "sale agreed" at €268,000, according to the estate agent who sold both properties.
The significant price hike is an indicator of some Dublin-based recovery in the apartment market, which has been largely stagnant for more than five years.
According to Rowena Quinn of Hunters Estate Agents, and a council member of the Society of Chartered Surveyors Ireland, a confluence of factors have led to price rises for apartments, especially in sought-after areas of Dublin.