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There are just 3,000 properties for sale in the capital with Dublin 15 the most popular

The biggest one off residential sale in Dublin was that of Walford, Shrewsbury Road in March for €14 million.

Postcode transactions in Dublin.
Postcode transactions in Dublin.
Image: MyHome.ie

HOUSE SALES ARE up by 17 per cent, both in the capital and in nationally according to a report by property website MyHome.ie.

The number of transactions in Dublin is up by 10,000 compared to 2012, while nationally house sales are up by 29,200.

However, at present, there are just 3,000 homes available for sale in Dublin.

The most popular areas to buy property were Dublin 15 (697), Dublin 14 (649), Dublin 16 (605), Dublin 18 (522) and Dublin 6 (512).

The biggest one off residential sale was that of Walford, Shrewsbury Road in March for €14m. In total there were 246 sales in the capital last year for €1 million or more.

However, someone got a bargain when they bought number 15 St Aidan’s Park in Marino Dublin 3 for just €6,000 in June, the cheapest property to be sold.

Top ten

The top ten places to buy property in Dublin in 2013 were:

Castleknock, Lucan, Rathfarnham, Tallaght, Finglas, Swords, Blackrock, Dun Laoghaire, Clondalkin and Malahide.

Housing transactions fell in just one area, in Dublin 10. In 2013, €3.6bn was spent on Dublin properties alone, up 34 per cent on 2012.

Areas like Dublin 14, Dublin 20 and Dublin 5 had their sales virtually unchanged.

Here is a breakdown by postcode:

image

While this graphic looks at the rise in transaction values for each area:

image

(Graphics from MyHome.ie)

Angela Keegan, managing director of MyHome.ie, said it was clear the property market turned a corner in 2013 it was very clear that the market needs a much higher level of transactions.

She also expressed concern about the supply shortages in some parts of Dublin which is clearly driving prices.

“Right now there are less than 3,000 properties available for sale in Dublin. This compares to 6,000 this time two years ago. To maintain affordability and meet growing demands the Government needs to move quickly to ensure an adequate supply of properties is available across the city” she said.

She added that priority needs to be given to obtaining planning permission for sites where there is a market demand for homes.

The report states that while Dublin is clearly the dominant player in the market, sales in Cork, Limerick and Galway also increased.

Read: Want to see inside a $20 million Fifth Avenue Apartment?>

Read: Column: Ireland’s residential rental market needs a massive shake-up>

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