The great Dublin divide
Homes on the northside of the city are a bumper €116,000 cheaper on average than properties sold south of the Liffey
IT’S the battle that’s been raging for years and has pitted the one side of the capital against the other.
Now the argument over whether south Dublin or north Dublin is best appears to have been settled – at least as valuefor-money is concerned.
For homes north of the Liffey are a third cheaper than the those south of the river, working out at an average of €116,000 less.
Number crunchers have trawled through the Property Price Register for 2018 and found the average sold price of a house in south Dublin is just over €459,000 while in north Dublin it is notably less at €343,000.
The difference is just over 33% according to perfectproperty.ie, which analysed the Dublin market’s sold prices and not just asking prices.
Laura Pollard of Perfect Property said: ‘We want to show buyers the most affordable areas for them to purchase.’
It found first-time buyers have an average of €315,000 to spend when looking for a new home and there were 30 areas across Co. Dublin where the average house price is less.
Finglas is the most affordable area in north Dublin with an average sold price so far this year of €215,000 and the highest volume of property sales for areas with an average house price in the €200,000 range.
The most affordable area in south Dublin is Clondalkin with an average property price slightly higher at €233,000.
The highest number of €1million sales in South Dublin was in the seaside village of Dalkey where 39% of all properties sold for more. It also found 90% of homes there went for more than €500,000 but the average property price in upmarket Ballsbridge was €1.11million.
The most expensive area in north Dublin was the seaside suburb of Clontarf with 71% of all properties being sold for more than €500,000.
The average price in the area is €686,000 with 9% of them over the €1million mark.
There is a huge difference of €685,000 in the average house price in the most expensive area in the south Dublin compared to the most expensive area in the north Dublin.
Even the most expensive north Dublin areas are much more affordable for property hunters, Perfect Property found.
The five most expensive areas to purchase a property in Dublin are all placed south of the city centre. Dalkey is costliest at €1.24million, Ballsbridge at €1.11million and Sandymount at €920,000
Reacting to the report, David Duffy, director of Property Industry Ireland, said there were many factors to explain the price gaps between the two halves of the city.
He said: ‘Transport links, access to work, access to leisure facilities, access to educational facilities and access to amenities, they’re all the kind of things that would help prices.’