Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Saturday 3 June 2023 Dublin: 17°C
# House Prices
Property values jumped €84 million per day in the last year
Dublin remains the most expensive property market in the country.

THE TOTAL VALUE of residential dwellings in Ireland has increased to €510 billion – up from €479 billion one year ago.

The most recent report shows a daily increase in value of €83 million with Mount Merrion in Dublin now the most expensive market in the country with average property values of €854,000.

Coliemore in Dalkey is Dublin’s most expensive street with no fewer than four properties changing hands for an average price of €5.5milllion. Outside Dublin, the most expensive street is Scilly Hill, Kinsale in Co Cork with an average house price sale of €2.5million.

Ireland’s two million homes are worth over €500bn. This marks an increase of just over €30 billion in a year,” Daft economist Ronan Lyons has said.  

“While the bulk of that comes from changes in property values, a growing share of the change in Ireland’s property wealth is coming from new construction.”


Ireland’s most expensive property markets are all in Dublin with average asking price in Mount Merrion now €850,000 followed by Foxrock at €834,000 and Sandycove at €752,000. By comparison, the average asking price nationwide is €261,000.

Although Dublin remains the wealthiest area for property in Ireland, the capital is in the midst of a serious housing and rental crisis, with criticism recently leveled at the prospect of co-living dwellings being built in the capital to accommodate young professionals. 

Earlier this week, reported that Britain’s biggest co-living company had closed a deal for a large site in Dublin’s historic Liberties area. 

In defence of co-living, Housing Minister Eoghan Murphy has said young workers should be excited about the concept, while Sinn Féin leader Mary Lou McDonald described them as a “glamourised form of tenement living”. 

According to the most recent report, house prices are growing by 5.9% per year. In 2019, an average of 11 properties worth over €1 million are sold each week with over 2,500 property millionaires across Ireland. 

The cheapest market in the country remains Ballaghaderreen in Roscommon which has an average property value at just €97,000. It’s the only market in the country where property values are below €100,000.

The full report can be viewed here

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment

    Leave a commentcancel