herald

Tuesday 17 October 2017

Dublin 8 is the most desirable spot for south Dublin buyers

South Dublin city is one of the busiest areas in the whole of the Dublin property market with well over 4,000 people looking to buy homes there this summer.

Dublin 8, which takes in places like Inchicore, Kilmainham and South Circular Road, is the most in-demand part of south Dublin city. From July to September 10, 786 queries were made about homes there.

According to the latest figures from Daft.ie, these 786 house buyers were enquiring about just 103 homes on sale.

Therefore, almost eight bidders were involved in each sale.

Almost 80 homes were sold within the Dublin 8 area from July to the start of September, according to the Property Price Register.

At the moment there are up to 176 properties for sale there.

The second hotspot is Rathmines but interest is almost halved compared to the sought-after D8. A total of 408 queries came in for homes here.

These queries concerned just 38 properties. This would suggest that the fiercest bidding wars in the whole of the south of city took place in Rathmines.

Estate agents had to field bids from 11 interested buyers for every home sold.

However, only 17 homes were sold in the area this summer. And now there are around 45 houses and apartments for sale there.

Coming in at a close third on the demand scale is Dundrum, which saw 376 people chase after homes during the summer season.

These bidders were looking into 47 properties. And so estate agents had to manage the negotiations of eight parties per sale.

Twenty-eight parties bought homes here last summer. There are approximately 46 properties for sale there.

Least sought-after areas were places like Ballyboden, near Foxrock, Greenhills and Windy Arbour, which is on the Luas line.

According to Daft.ie figures, only two parties enquired about homes in Ballyboden; three parties made queries about Greenhills and 13 buyers showed interest in Windy Arbour.

Demand was high in places like Ringsend, Rialto and Portobello.

Although only 159 people went looking for homes in Ringsend, they were enquiring about 20 properties - nearly eight people per property.

In Rialto, a similar pattern emerged, with 82 buyers looking at 11 homes.

Again this meant that the estate agent had almost eight buyers to deal with for every sale.

And in the bustling area of Portobello along the canal, 88 parties chased down 12 homes - that is approximately seven people battled it out per property.

Demand was also high in Crumlin with 244 people showing interest in 42 houses and apartments on sale here.

Also busy was Ballyfermot where 173 buyers went after 31 properties between July and August.

TOMORROW: WEST AND NORTH CO DUBLIN

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