herald

Friday 15 December 2017

The battle for homes in the city centre and northside

In Dublin city centre and north Dublin city the highest demand is currently in Dublin 1, quickly followed by Finglas.

From last July to September 10, there were 963 enquiries on 119 properties in Dublin 1, while Finglas had 629 enquiries for 126 homes.

Exactly 54 properties sold in the north Dublin city area during this period.

Currently, there are approximately 132 homes up for sale in the hotspot area of Dublin 1 and 112 available in Finglas.

The figures come from Daft.ie who track the exact number of queries received for properties listed on its website.

queries

In third place for demand was Dublin 2 with 627 enquiries coming in across the same July-September two and a half month period. These queries related to just 61 homes.

This means that in Dublin 2, the ratio of bidders to properties was 10 to one.

There are currently 62 properties for sale in the area.

The biggest bidding war took place in North Wall in the north inner city where 57 people battled it out over just three properties. That averages out at 19 parties bidding on one single home.

The fourth hottest area for demand was Santry - where 362 enquiries came in for 50 properties, averaging out at seven per home.

In the same summer period, 14 homes were actually sold in the area, while there are about 41 houses and apartments up for sale there now.

Smithfield was another high-demand zone with 314 people interested in 24 homes - averaging out at 13 people bidding per home.

Seven properties sold in Smithfield over the summer and there are now around 12 up for grabs there.

Drumcondra was also highly sought after with 306 queries coming in for 86 homes.

That worked out at four people in the bidding war for each house.

Right now there are approximately 83 properties on sale in the area densely populated with students.

Demand was low in areas like Ballybough, Marino and Darndale. There were just 26 queries about homes in Ballybough, 16 in Marino and seven in Darndale. In traditionally strong areas like Raheny, Clontarf and Howth demand was at mid-level.

In Raheny 148 enquiries were fielded for 45 properties and in neighbouring Clontarf there were also 148 queries for 45 homes. In Howth, 73 people were interested in 20 homes - meaning four parties battled it out per property.

DAN WHITE: PAGE 14

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