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Searches for new homes soar by 125% as capital rent prices increase

Rents in some areas of Dublin have increased by 12%.

SEARCHES FOR NEW homes on property website Daft.ie rose by 125% as the help-to-by scheme officially launched in the new year.

The property website recorded an increase when it compared figures from the same period last year.

Interest in new homes was greatest in the Dublin area, along with Kildare, Wicklow, Meath, Wexford and Limerick.

Martin Clancy from Daft.ie, said: “The spike in searches on Tuesday was quite significant and points to an increased interest in new homes for the new year after the launch of the initiative.

“The greatest interest was in Clonsilla, with searches for new builds surging by 145%. The Dublin 15 suburb has several new developments that qualify for the first-time buyers scheme.”

The report comes after new figures showed how expensive it is becoming to rent in the Dublin Docklands.

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The Docklands Residential Report, published yesterday, highlighted an annual increase in the price per square metre of 11.7% and a marginally higher annual increase in the average monthly rent of 12.1%.

It was also found that the market is dominated by investors, with 72% of properties bought for investment and 76% of purchases made with cash, according to estate agent Owen Reilly.

Over 70% of buyers were Irish while 85% of tenants who rented from Reilly 2016 were from overseas.

He said:“In Dublin Docklands, we would hope to see some tangible positive effects of Brexit, and the residential developments currently under construction hold great promise.”

Read: Mother of epileptic child vows to stand outside Dáil until Simon Harris talks to her >

Read: Two women to face trial over murder of Dublin father-of-one >

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25 Comments
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    Mute Philo
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    Feb 11th 2019, 3:22 PM

    I surveyed a few birds up there in my day.

    344
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    Mute Terrence Edwards
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    Feb 11th 2019, 3:52 PM

    Leave it exactly as it is. It’s a lovely little walk up, unspoiled and less touristy than most. The area will gain nothing from overdevelopment and extra footfall.

    293
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    Mute Clare Swift
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    Feb 11th 2019, 5:28 PM

    @Terrence Edwards: Hear Hear! A waste of €18 million. Use that money to pay nurses and midwives!

    126
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    Mute John Smith
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    Feb 11th 2019, 7:15 PM

    @Terrence Edwards: spot on. It will destroy the area and there’s no way it can take that volume of people and traffic

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    Mute Lydia McLoughlin
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    Aug 20th 2019, 10:31 PM

    @Terrence Edwards: exactly. Whilst a beautiful little walk it’s not the right place for this. What little is there will be spoilt. They will spend a fortune doing this and then overcharging to get it all back through car park fees etc etc and people won’t visit.. Its all just wrong.

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    Mute GO GREEN
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    Feb 11th 2019, 3:52 PM

    Nature wildlife is being destroyed, enough is enough of more and more development, they will not be happy until the whole country is a pile of concrete.

    166
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    Mute Permo Dermo
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    Feb 11th 2019, 3:46 PM

    No doubt a interpretive centre shop, restaurant and paid parking as part of their plan. What next a hotel on top of lugnaquilla for €20 million of taxpayers money.

    117
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    Mute SPQH
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    Feb 12th 2019, 12:09 AM

    @Permo Dermo: a drive-in cinema and a drive thru Krispy kreme, and a multi-story car park for all those who want to park their cars and get out for a walk. Might be a good idea to get the Luas líne up there too, just in case

    11
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    Mute Luke Lee
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    Feb 11th 2019, 3:24 PM

    “Extensive panoramic views of Dublin City”. The last time I was in Dublin City I got a panoramic view of a junkie taking a dump down a side street. For €18 million I hope the views will have a little more to offer.

    133
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    Mute Declan Bowe
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    Feb 11th 2019, 3:28 PM

    @Luke Lee: well u don’t think ur gonna spot something like that from such a distance,, u must have some pair of eyes superman xray vision like?

    81
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    Mute John
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    Feb 11th 2019, 3:46 PM

    @Luke Lee: there is never a story in here about Dublin without the usual country bumpkin comments.people are obsessed about us.

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    Mute Brian Ó Dálaigh
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    Feb 11th 2019, 4:20 PM

    @John: I don’t think you know what a country bumpkin is.

    16
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    Mute John
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    Feb 11th 2019, 4:41 PM

    @Brian Ó Dálaigh: A person, usually from a rural area, the south or small town; who speaks or behaves in a manner that indicates a lack of understanding of the ever changing modern world………..what did you think it meant?

    26
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    Mute Mark Walsh
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    Feb 11th 2019, 4:44 PM

    @John:
    Beacuse it’s literally a shit hole

    17
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    Mute Mark Walsh
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    Feb 11th 2019, 4:44 PM

    @John:
    Beacuse it’s literally a shit hole

    9
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    Mute Mark Walsh
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    Feb 11th 2019, 4:44 PM

    @John:
    Beacuse it’s literally a shit hole

    8
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    Mute Mark Walsh
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    Feb 11th 2019, 4:44 PM

    @John:
    Beacuse it’s literally a shit hole

    8
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    Mute Mark Walsh
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    Feb 11th 2019, 4:44 PM

    @John:
    Beacuse it’s literally a shit hole

    9
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    Mute Mark Walsh
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    Feb 11th 2019, 4:45 PM

    @John:
    Beacuse it’s literally a siht

    12
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    Mute Terrence Edwards
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    Feb 11th 2019, 5:00 PM

    @Mark Walsh: a what?

    41
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    Mute John
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    Feb 11th 2019, 5:02 PM

    @Mark Walsh: sorry,I did not hear you.also where are you from.probably some hole down the country that you are embarrassed to name.

    19
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    Mute Brian Ó Dálaigh
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    Feb 11th 2019, 5:02 PM

    @John: So, you admit that you used the word incorrectly in the first instance, because your definition does not match your initial usage.

    6
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    Mute John
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    Feb 11th 2019, 5:05 PM

    @Brian Ó Dálaigh: what are you on about I said a country bumpkin comment.which means a comment made by a country bumpkin.

    10
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    Mute Brian Ó Dálaigh
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    Feb 11th 2019, 5:26 PM

    @John: the guy has a chip on his shoulder. That does not make him a country bumpkin. Stop using words incorrectly and making inaccurate assumptions. Honestly, people like you and your dumbing down of language are some of the biggest hypocrites.

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    Mute John
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    Feb 11th 2019, 5:38 PM

    @Brian Ó Dálaigh: we will have to disagree.i am sticking with my original comment.i know people like him, I meet them all the time in work.

    6
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    Mute Brian Ó Dálaigh
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    Feb 11th 2019, 6:15 PM

    @John: Fair enough, but that just makes you the urban version of him. So, now we have, according to your usage, a country bumpkin and a city bumpkin.

    10
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    Mute sue
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    Feb 11th 2019, 7:14 PM

    @Luke Lee: you must be bored coming out with a comment like that. Fool

    5
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    Mute John Smith
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    Feb 11th 2019, 7:19 PM

    @John: his parents more then likely closely related to one another aswell

    5
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    Mute Lydia McLoughlin
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    Aug 20th 2019, 10:35 PM

    @Luke Lee: unfortunately not especially from this cafe and where they are proposing to put it It takes 40mins to walk up and down this hill, people don’t exactly hang around! Complete waste of money.

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    Mute BAINNE ATHA CLIATH
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    Feb 11th 2019, 4:17 PM

    What about the traffic?
    Two cars can hardly pass each up there.

    74
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    Mute SPQH
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    Feb 12th 2019, 12:11 AM

    @BAINNE ATHA CLIATH: you’re actually thinking sensibly about it…. that’s the difference

    5
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    Mute Kenneth Hayden
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    Feb 11th 2019, 4:06 PM

    Not an article to use Profanities but, Leave The Fukking Thing Alone…….

    94
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    Mute Anthony Clark
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    Feb 11th 2019, 3:36 PM

    Something there would be nice – but this does appear to be a tad overdevelopment – a huge car park and shops on this lovely secluded site.

    52
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    Mute Dave Ringer
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    Feb 11th 2019, 6:15 PM

    @Anthony Clark: there’s already something there

    15
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    Mute Noel Smullen
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    Feb 11th 2019, 3:44 PM

    I thought it was haunted ??

    42
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    Mute Gerben Uunk
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    Feb 11th 2019, 3:58 PM

    For Merlin’s Sake, don’t hurt the Falcons, protect them! They have an elephant memory. We don’t need another shooting range. We need wildlife protection not disturbance of the birds of prey. The Dublin mountains/Wicjklow Mountains National Park is there for a reason, as an oases of peace and serenity for animals! Visitors should leave no trace, animals clean afters themselves, why can’t people. Support Ireland’s newest political party for the voiceless animals including Merlins who can’t vote for themselves, join the Animal Rights Party https://www.facebook.com/AnimalRightsIE/

    46
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    Mute Markonline
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    Feb 11th 2019, 7:11 PM

    Ur alright thanks, but keep up the good work

    5
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    Mute Shelly Levine
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    Feb 11th 2019, 4:30 PM

    A visitors centre and lodge in a remote location steeped in a long history of dark satanic lore. What could possibly go wrong?

    44
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    Mute Michael Kavanagh
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    Feb 11th 2019, 5:24 PM

    @Shelly Levine:
    They could get BAM the Builder in!

    28
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    Mute Kenneth Hayden
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    Feb 11th 2019, 6:19 PM

    @Michael Kavanagh:
    Bob would be better!!!

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    Mute Michael Kavanagh
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    Feb 11th 2019, 11:21 PM

    @Kenneth Hayden:
    More economical anyway!

    2
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    Mute Batster
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    Feb 11th 2019, 6:22 PM

    I’m not too bothered by the bird species up there but it’s a beautiful place and they need to leave it alone.

    19
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    Mute sue
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    Feb 11th 2019, 7:13 PM

    Beautiful natural part of Dublin. It should remain untouched.

    17
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    Mute WoodlandBard
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    Feb 11th 2019, 6:27 PM

    Massy’s Wood below is very pretty too.

    16
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    Mute Craig Osborne
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    Feb 11th 2019, 8:54 PM

    They should spend their 19 million on housing

    10
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    Mute Lydia McLoughlin
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    Feb 11th 2019, 8:05 PM

    Agreed. It’s a lovely small amenity that foes not need a visitors centre and the likes – a car park yes but nothing more. Completely wrong place for this.

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    Mute Johnny Merren
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    Feb 11th 2019, 6:43 PM

    “bird of prey” species in jeopardy
    well thats a new one on me,

    while I thought the existing traffic jams in the locality
    would be the major consideration and not
    bird of prey species

    5
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    Mute William Kelly
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    Feb 12th 2019, 8:25 AM

    Why is a local authority spending money on a potential tourist site, when they have much greater priorities in social housing , in correcting the failed privatisation of refuse services, in establishing safer commuter travel, bike lanes & off street parking? Merlins before picnics,for heavens sake?
    Surely, social & business objectives should displace these ” prestige” projects, & leave them to private enterprise, Bord pleanala , Department of Environment, &Bord failte.
    It is infuriating to discover that local authorities continue to expend staff & funds to duplicate state bodies, & on private enterprise appropriate items.

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    Mute TamuMassif2019
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    Feb 11th 2019, 11:40 PM

    Or the place is haunted lol.

    1
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