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Thursday 17 January 2019

House sales in city soar over just six months

Property

THE number and value of home sales rose in all but two areas of Dublin in the first six months of 2014.

According to the study, which is based on an analysis of the Property Price Register, Dublin 6 was the most popular area to buy a property - with 346 transactions recorded between January and June.

This was an increase of 76pc on the 197 sales in that postcode for the same period last year.

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The study, which was carried out by property website Myhome.ie, shows that Dublin 15 (303), Dublin 16 (265), Dublin 14 (259), Dublin 6W (258), Dublin 18 (240), Dublin 8 (233), Dublin 3 (225), Dublin 11 (215), Dublin 9 (210) and Dublin 13 (208) also attracted lots of interest.

The latter recorded the biggest percentage increase in the first half of the year, rising by 189pc, helped by the fact that sales in Clongriffin jumped dramatically from five in the first half of 2013 to 73 in the first six months of this year.

In total, there was an increase of 32pc in the volume of sales, rising from 3,966 to 5,240 with €1.83bn being spent on property in the capital in this period.

This is an increase of 45pc on the €1.26bn spent in the first six months of 2013.

Indeed, of the 23 regions in Dublin - taking into account the postcode areas and Dublin County - only Dublin 20 (which fell by 14pc) and Dublin 17 (which dropped by 13pc) failed to record an increase.

Myhome.ie managing director Angela Keegan said that if the present trend continued, we would see around 14,000 transactions in Dublin this year, up from the 11,095 recorded last year.

Sales in Co Dublin rose from 940 in the first half of 2013 to 1,226 to June of this year.

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