Sub­stan­tial jump in ¤1 mil­lion-plus sales on Dublin’s north­side

The Irish Times - Thursday - Property - - The Market -

Share of ¤1 mil­lion-plus prop­erty trans­ac­tions in Dublin by area. With sales of res­i­den­tial prop­er­ties in the ¤1 mil­lion-plus bracket up by 25 per cent in the year, it was in­ter­est­ing to see just where those sales took place ac­cord­ing to the lat­est fig­ures.

Dublin as usual ac­counts for the bulk of sales at the high end ac­count­ing for 709 (or 80 per cent) of the na­tional to­tal of 826. But the north­side has reg­is­tered a sub­stan­tial jump of 54 per cent in ¤1 mil­lion-plus trans­ac­tions to 103 in 2017. Clon­tarf and Castle­knock were the strong per­form­ers here, while Malahide drove 58 per cent growth of ¤1 mil­lion-plus sales in north County Dublin.

On the south­side these sales rose par­tic­u­larly sharply in Dublin 6, by 33 per cent to 136, where it has out­stripped that tra­di­tional bas­tion of pre­mium prop­erty sales, Dublin 4.

Here, ¤1 mil­lion-plus sales were down 10per cent to 127, pos­si­bly re­flect­ing a short­age of stock coming on stream.

The coastal stretch from Boot­er­stown to Killiney ac­counted for just un­der a third of ¤1 mil­lion-plus sales with Dún Laoghaire/ Gle­nageary reg­is­ter­ing the strong­est growth here, up by 43 per cent to 53 houses.

Gorse Hill of course was the most ex­pen­sive house sale of 2017 at ¤9.5 mil­lion, and the Killiney/Dalkey area saw a 33 per cent lift in ¤1 mil­lion-plus trans­ac­tions.

Out­side Dublin the most ex­pen­sive house sold was in Black­rock in Cork for ¤4.1mil­lion.

There are cur­rently 506 prop­er­ties avail­able to buy for more than ¤1 mil­lion on which at this point in the an­nual sales cy­cle would in­di­cate fur­ther growth in this sec­tor in 2018.


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