Home sales in Dublin increased by almost 6%

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The number of house sales rose in 14 of Dublin’s 22 postcodes, while it fell in eight and sales also rose in County Dublin, according to the research carried out by MyHome.ie.

The post codes which recorded the biggest increases were Dublin 9, up 42%, Dublin 22 up 27% and Dublin 10 up 22% while the value of sales in Dublin 8 increased by over 122% due in the main to the sale of two large developments on Clancy Quay.

According to Angela Keegan, managing director of MyHome.ie, the figures reflected a number of important trends. ‘This is the third year in a row that Dublin 15 has had the highest number of sales and the second year in a row that Dublin 18 and 24 have occupied second and third place respectively. In light of current supply shortages, it is positive to see new developments coming to the market,’ she said.

“We believe we need to look at building higher in certain parts of the city and to providing incentives to build in other towns and cities which haven’t benefited from the economic recovery,’ she added.

She pointed out that Dublin accounts for roughly a third of the Irish property market and while the number of sales is continuing to increase, the rate of increase is slowing. In 2017 the number of sales fell in just four postcodes. Last year this figure was eight.

The data also shows that Dublin 20 recorded the biggest decrease in the number of sales with a fall of 40% and the lowest number of sales of any postcode at just 8

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