herald

Tuesday 24 October 2017

Finglas tops property list with 111 sales

Construction in Dun Laoghaire in front of the Marine Hotel. Photo: Gerry Mooney
Construction in Dun Laoghaire in front of the Marine Hotel. Photo: Gerry Mooney

THE northside suburb of Finglas has seen more property sales this year than anywhere else in the capital, as house prices in Dublin experienced a year-on-year jump of 25pc.

A total of 111 homes were sold in the Dublin 11 location between January and June, 18 more than the 93 properties sold in Swords, the next highest on the list.

Other suburbs that saw high numbers of sales were Rathfarnham (88), Dun Laoghaire (80), Blackrock (76), Terenure (76) and Malahide (73).

The figures were recorded in a study by ValueMyProperty.ie, a service that produces property valuation reports on demand.

Meanwhile, house prices in Dublin are rocketing by €220 a day, according to a report by estate agent DNG.

"Houses in Dublin increased more €220 per day or over €6,600 per month from April to the end of June 2014," its latest quarterly report finds.

"However, the second quarter increase of 5.9pc dropped from a high of 8.9pc in the first three months of the year reflecting an increase in the availability of properties which according to the Property Price Register saw a 36.8pc jump.

"DNG is now predicting an annual house price increase of 20pc at the end of the year," it said.

"The year-on-year increase of 25.2pc means that most homes still stand 51pc below their peak value in 2006 but houses in certain areas of Dublin have now closed that gap to around 25-30pc," DNG added.

Jump

In 2010, only about 62 homes were sold in Finglas, meaning the number of transactions has jumped by 79pc.

Sales are rising at a faster rate in Dun Laoghaire than anywhere else in Dublin.

In 2010, some 37 homes were sold in the seaside town. The figure for 2014 is equivalent to a 116.2pc rise. Sales also more than doubled in Rathmines where 37 homes were offloaded this year, some 105.6pc more than the 18 sold in 2010.

The report also examined the market for three-bed semi-detached houses in Dublin.

In Rathfarnham, the majority of homes in this category have a price tag around €450,000.

In Malahide, 14 properties were in the €400,000 bracket and a further 12 were in the €450,000 range.

Most of the three-bed houses in Finglas were valued at about €200,000.

The majority of three-beds in Dun Laoghaire and Drumcondra were also in the region of €400,000.

comurphy@herald.ie

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