Supply at record low; Dublin will see 6% rise in house price, says new report

House prices in Dublin is set to rise on an average of 6% in 2022 according to a new survey by The Sunday Times. The supply is at record low and the prices will continue to rise, making the crisis worse.

The places with most demand for houses in Dublin are Ranelagh, Ballsbridge, and Rathmines. But the places where affordable homes available are Neilstown, Ballymun, Tallaght and Darndale.

Last year, the most expensive three-bedroom house was sold in Ranelagh, Co Dublin, for over €1 million. Meanwhile, the most affordable house was found to be sold in Neilstown for €200,000.

According to one Dublin estate agent, there have been an average of 20-25 bids per home. This makes it difficult for an agent to make sure they have qualified the purchase, so that the purchaser can actually buy the property when the bid is finalised.

Earlier this month, the / Davy Q4 2021 Property Price Report detailed a record low of just 11,300 homes listed for sale.

Source: Breaking

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