Property for sale in Dublin

Dublin is Ireland’s foremost destination, with visitors the world over attracted to its vibrant arts and culture, literary associations, history, bars and restaurants, traditional music, lively gay scene – and most famous of all, its Guinness and Jameson breweries. Get more information on property for sale in Ireland.

Views on the Dublin real estate :

House prices in Ireland have enjoyed a boom in recent years, notably in its capital city. As of May 2008, the average price for a house in Dublin, and outside Dublin, was €380,329 and €238,484 respectively. The equivalent prices in December 2007 were €397,507 and €249,359 - a drop of 4.3% and 4.4% respectively. Over the last year, Dublin’s property prices have fallen by approximately 10%, making a move to the city a better bet right now.

The Irish Home Builders Association says current trends signal that only around 37,000 new homes will be built next year, down from 45,000 this year.

In a report, it says the medium-term demand for property for sale in Dublin is 60,000 a year. Over 92,000 houses were built in 2006.

Higher levels of property for sale  activity is expected next year, though this may feed through to property for sale output figures only in 2010.

Given that the medium-term demand for properties in Dublin  is 60,000 units each year, this would result in supply falling far short of demand in key growth areas next year.

Based on this medium-term rate, supply and demand equilibrium would not return to the housing market until 2010.

The IHBA said the main sources of uncertainty in the property market in Dublin - stamp duty and mortgage interest relief - had been addressed, while fears of more interest rate rises had been dispelled.