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Dublin: 5 °C Sunday 16 December, 2018

Property prices in Smithfield have risen faster than almost anywhere else in Dublin

The latest analysis from shows an astonishing increase since the recession.

ASKING PRICES FOR properties in Smithfield have risen faster than almost any other area in the capital.

The average list price of a home in the neighbourhood is now €295,252, according to the latest analysis.

This represents an increase of almost 117% since 2012 when the recession was at its worst. The average then was just €136,219 – less than half the current level.

Only Cabra, just up the road in Dublin 7, has seen a larger relative price increase.

Prices in Smithfield remain significantly lower than their Celtic Tiger peak. In 2006 the average asking price was €383,642.

And at €295,000, average property prices in this inner-city neighbourhood remain well below the overall Dublin average of €395,000.

However, this is likely to be influenced by the high proportion of relatively small apartments in the area compared to houses and larger dwellings.

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Michael Freeman

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