House Prices Rise 8% In A Year
House prices in Dublin continue to rise at a rapid pace, as buyers continue to fight over too few properties on the market. Dublin prices rose 8% last year, while Dun Laoghaire Rathdown saw over 13% growth (MyHome/Davy)
While prices rose outside of Dublin quicker than Dublin, there continues to be incredible demand for all types of home in Dublin’s prime markets. In our key areas of Blackrock and Stillorgan, we have waiting lists of dozens of buyers for every home, each is very well funded with cash deposits and mortgages. Blackrock and Stillorgan are still highly prized areas, with young families seeking houses in to the most popular streets and estates. Empty-nesters and downsizers are using this opportunity to sell, getting great prices for their large homes & many are moving out of Dublin to cheaper locations across the country, where there is greater value for money and better quality of life. Buyers will look at houses in any condition, as many have sufficient budgets to do major upgrade works and deep retrofits to bring homes up to a modern standard. There is a huge amount of money chasing too few properties coming to the market after 2 years of Covid. If you are thinking about selling, 2022 would be a great year to make your move.