Monday 21 January 2019

West of city red hot as IBM and eBay factor drives home interest

In west Dublin where big corporations like IBM and eBay have headquarters, the property market is red hot with Clondalkin winning out as the most sought-after area to buy in.

Clondalkin attracted interest from 877 prospective buyers during the months of July, August and the first week of September, according to the latest data from Daft.ie.

These 877 would-be home owners were hot on the heels of 152 properties in the west of the city.

That means that eight people were chasing each property. According to the Property Price Register, 41 homes sold in the area between July and the end of August. There are around 127 properties on sale there now. Another town in demand is Lucan where 718 people were on the hunt for a home.

These buyers made enquiries about 135 houses and apartments - averaging out at five parties per property.

Even if Lucan is behind in the number of queries made compared with Clondalkin, more houses sold there this summer.

The latest statistics show that 64 people signed contracts to buy homes in Lucan over the summer.

Right now there are about 109 properties for sale here.

After the two hotspot areas of Clondalkin and Lucan, demand evens out a bit but Clonsilla and Blanchardstown proved strong.

Clonsilla saw 368 people take an interest in its property portfolio this summer, Daft.ie figures show. These parties made enquiries about 86 properties meaning that four people chased each property.

In Clonsilla, at the moment, around 65 homes are for sale and between July and August, 32 properties were sold here.

In the busy area of Blanchardstown, demand is also high. Queries came from 315 individuals for properties in the area. These buyers were looking specifically at 56 homes and while Blanchardstown comes in fourth in terms of demand this means that six people were after the one home. By far the most heated bidding war took place in Park West. This was down to the number of people after just three homes. Fifty-five people were interested in just three properties so estate agents were negotiating with 18 buyers per home.

After Blanchardstown comes Castleknock where demand was moderate to high. The area had 279 buyers looking for homes. These parties were looking at 96 homes.

Other areas that were moderately sought after included Clonee and Saggart. A total of 183 queries came in for 42 properties in Saggart and 190 came in over 49 in Clonee.


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