independent

Thursday 23 November 2017

240 property sales in Swords in first half of 2017, according to new survey

There were 240 property transactions recorded in Swords during the first half of 2017.
There were 240 property transactions recorded in Swords during the first half of 2017.

Some 240 property transactions were recorded in Swords and 129 in Malahide during the first six months of 2017, according to new figures.

A detailed study of the Dublin property market shows that the number of transactions rose in all but four of Dublin's twenty-two postal code districts in the first six months of 2017.

According to the research, which was carried out by MyHome.ie based on an analysis of the Property Price Register, there were 7,461 sales in the first half of 2017, an increase of 11% on the 6,714 recorded for the same period last year.

Dublin 15 was once again the postal district with the largest number of sales in the first six months with 751.

Angela Keegan, Managing Director of MyHome.ie said that while the increase in the number of sales was positive the continuing sprawl of the city up to and beyond the M50 was a concern.

'There are 14 new developments in Dublin 15 and clearly these are proving attractive to first time buyers. Builders are now building in staggered phases so the supply is coming through more slowly. The pent-up demand, caused by the lack of supply and shortening sale agreed times ensure any new properties coming on the market are absorbed very quickly.'

'One of the key issues for people buying properties on the outskirts of the city is the commute to work. While first time buyers are increasingly desperate to buy their own homes, commuting times are increasing at an alarming rate as the city spreads beyond the M50 and this will be a huge issue for Dubliners in the years ahead. But clearly it should be a major concern for our planners right now,' Ms Keegan warned.

MyHome's analysis also shows that there were 290 Dublin houses sold in the first six months of 2017 for €1m or more. Eighty-six of these were sold in County Dublin, the vast majority in the south of the county in areas such as Dun Laoghaire, Dalkey, Blackrock, Monkstown and Sandycove while Malahide and Skerries on the north side also featured.

Fingal Independent

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