Dublin property prices predicted to increase by 3.8% in 2019
Just when we thought 2019 was going well, we were hit with this.
We didn't really need anymore confirmation that property in Dublin is expensive AF – but it's about to get even pricer.
Dublin estate agents have predicted that property value in our capital will rise by an average of 3.8 percent this year.
Their forecast for 2019 is less than half of the figure they predicted for last year.
The Sunday Times said it was an indication that estate agents are more cautious for the year ahead, following a subdued 2018 for the Dublin property market.
Prices were expected to rise last year, but they crept up slower than anticipated.
Predictions for the year ahead vary from no change to price increases of 7 percent, reports The Sunday Times.
But the vast majority of estate agents foresee increases of 3-5 percent in the low to mid-market.
Very small increases are expected for property valued at €750,000 or above, and despite inflation slowing, many estate agents still predict to see slight price rises.
The cheapest place to buy a home in Dublin are in Ballymun, Dublin 11, Neilstown in Dublin 22, and Darndale in Dublin 17.
The average price for a three-bedroom townhouse comes in at €210,000 in Ballymun, between €200,000 – €220,000 in Neilstown and €225,000 in Darndale.
However, if you have the cash to splash – Dublin’s most expensive suburbs will cost up to three times as much.
A three-bedroom townhouse in Ranelagh, Dublin 6 will set you back an average of €650,000.
You'll need to cough up an average of €625,000 to buy in Ballsbridge and Donnybrook, Dublin 4.
Portobello in Dublin 8 has been growing in popularity and a similar property is valued at an average of €625,000.
Meanwhile, my bank balance is telling me I have about ten euro to my name – must be all the avocado on toast I'm indulging in…
