Survey shows Dublin 24 property has 2nd highest increase in sales last year
By Brendan Grehan
A NEW STUDY of the Dublin property market shows that properties in Dublin 24 recorded among the biggest percentage increase in sales in 2017.
According to research from Myhome.ie there was a 71 per cent increase in transactions in 2017.
The map highlights the increase in sales in the area
There were 939 transactions in Dublin 24 in 2017 and 548 in 2016. Transactions in Dublin 17 were up 88 per cent.
Properties in Dublin 20 were down 47.5 per cent with 146 transactions in 2017 and 278 in 2016.
In Dublin 22, there was a 37 per cent increase with 360 transactions in 2017 and 262 in 2016.
Angela Keegan, Managing Director of MyHome.ie said the post codes recording the largest number of sales and the biggest increases were generally to be found along the M50.
Ms Keegan said: “This highlights the issue of urban sprawl and the need for an enhanced public transport network for the city.
“Commuting times and urban sprawl go hand in hand and unless Dublin develops and increases the capacity of its public transport network this is a problem which is only going to intensify.
“We can see the huge pressure which is already being exerted on the M50 and the Luas, following its recent extension. The new MetroLink isn’t due to open until 2027 so anyone buying a new house in north or south county Dublin in the coming years will have to factor in lengthy commuting times.”
She added: “It’s interesting to see that sales rose by 37% in Dublin 1, 24% in Dublin 2 and 23% in Dublin 3. Dublin 2 (63%) and Dublin 1 (48%) also recorded the second and third highest increases in transaction values.
“This indicates that new multi-unit developments are beginning to come on stream close to the city centre and one would hope that this is a trend which will intensify given the chronic lack of housing we have in the city.”
