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Cost of new Dublin properties up €39,000 compared to last year

According to the MyHome.ie Q3 Property Report, increases will continue into 2018.

THE AVERAGE ASKING price of a newly listed property in Dublin is recorded as €366,000 according to property website MyHome.ie’s latest property price report.

That represents an increase of €39,000 compared to this time last year.

The mix-adjusted price on newly listed properties in Dublin rose by 1.6% in the third quarter of this year, and is up 11.8% compared to last year. Nationally, prices rose by 0.4% compared to the last quarter, and are up 8.9% year-on-year.

For all properties listed as for sale on the website, prices rose 1.7% in Dublin and 1.6% nationally. The national mix adjusted asking price is now €228,000, while in Dublin it’s €319,000.

Although the rate at which prices are increasing has slowed, the growth in property prices is now predicted to continue into 2018.

unnamed (1) MyHome.ie Q3 Report MyHome.ie Q3 Report

The author of the report, Conall MacCoille, Chief Economist at Davy, explained that prediction.

“There are a number of reasons why house prices are rising so strongly; these include the lack of supply, the economic recovery and the fact household incomes are now rising by 2-3% per annum.

However the key factor driving house prices higher has been the mortgage market. The average loan drawn down by first time buyers in the last quarter was up 9.4% in the year to €200,000 from €183,000 in mid 2016.

“This has meant that leverage on new mortgage loans has increased and with ever more desperate buyers seeking larger loans as they compete for the few properties listed for sale, this trend is set to continue and to ensure inflation remains at double digit level.”

In the latest report from Daft.ie, published yesterday, house prices across the country were recorded as rising by more than €50 a day.

You can read the MyHome.ie report on Q3 property increases here.

Read: Asking price for typical three-bed semi in Dublin rises to €290,000

Read: House prices in Dublin rise by €32,000 in six months

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    Install the app to use these features.
    Mute Eric
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    Sep 13th 2016, 7:13 PM

    Get ready for a slower phone and a battery that drains faster

    72
    Install the app to use these features.
    Mute Les McQueen
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    Sep 13th 2016, 7:22 PM

    So you’re saying it’s worth getting then, Ted?

    13
    Install the app to use these features.
    Mute bopter
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    Sep 13th 2016, 7:27 PM

    Don’t upgrade if you don’t want to.

    25
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    Install the app to use these features.
    Mute Luke Duffy
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    Sep 13th 2016, 10:17 PM

    well iphones are significantly faster than any android phone already so don’t let that be an issue. Battery life loss with software updates is less of a problem recently because new updates aren’t doing too much new processing intensive stuff. if you have a iphone 6 or later there’s no reason not to upgrade that i can think of. That being said there isn’t much reason to upgrade either. I’m still rocking an iphone 4s which suits me fine.

    35
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    Mute Gone Feisin
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    Sep 14th 2016, 2:59 AM

    Iphones are faster *pfft* lies

    3
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    Mute fintolini
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    Sep 14th 2016, 9:56 AM

    I’ve been on iOS 10 for 5 days now (last beta version) on iPhone 5s

    Have to say, upgrade was smooth, no issues. Did another reboot when done to be sure.

    It’s performing smoothly, seems faster (same apps installed, same space used that I had before)

    The new features are good … so far no regrets and battery is as good as it was before if not better…

    4
    Install the app to use these features.
    Mute Patrick J. O'Rourke
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    Sep 14th 2016, 12:36 PM

    Gone Feisin. It seems you are on the wrong forum for that sort of comment. It’s not a place for real geeks.

    1
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    Mute Al Ca
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    Sep 13th 2016, 7:25 PM

    ‘Note that we said remove instead of delete. They’re still saved onto your phone – all of Apple’s stock apps take up roughly 150MB’

    So…it just hides them, they still take up space.
    Just let folk delete them!

    70
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    Mute Brian Costigan
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    Sep 13th 2016, 7:21 PM

    Wait till 10.1

    32
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    Mute garb yakob
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    Sep 13th 2016, 8:23 PM

    Always, early adoption is a guinea-pig’s errand

    11
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    Mute Dave O'Shaughnessy
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    Sep 13th 2016, 7:27 PM

    Has there been ANY resolution on the Power-Display issue? One second your display shows 70% power, the next it’s 14% and you’re getting a ‘Low Power’ warning, unbelievable they’ve not yet resolved it.

    27
    Install the app to use these features.
    Mute Gerard O'Brien
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    Sep 13th 2016, 7:46 PM

    Thanks God I still have a 4s.

    16
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    Mute Ralph Hosford
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    Sep 13th 2016, 8:04 PM

    The best iPhone in my humble opinion. Perfect size to fit snugly into the hand.

    Wish I still had my 4S.

    18
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    Mute Conor Philpott
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    Sep 13th 2016, 7:35 PM

    Seems some devices are getting bricked. Apple advice is to be sure and have iTunes handy …

    Solution
    If you still see the Connect to iTunes screen after you restart, you need to reinstall iOS:
    Connect your device to your computer using the cable that came with your device. You should see this message: “The software on [your device name] needs to be restored to factory settings or updated.”
    Click Update to reinstall iOS. Your personal data is preserved.

    14
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    Mute Get Lost Eircodes
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    Sep 13th 2016, 8:13 PM

    It appears to be bringing bricking as a major feature update…not sure if this is a bad thing.

    5
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    Mute RandomAct Of Kindnes
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    Sep 13th 2016, 8:33 PM

    iBrick is a key feature in Apple’s update’s — or asking users to plug their iOS device into a PC.

    3
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    Mute Joseph Blocks
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    Sep 13th 2016, 11:24 PM

    I want the updates, but I also want to know if my iPhone will become an unusable brick afterwards! Isn’t there an “undo” button somewhere? Help me Steve Jobs!

    4
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    Mute Mike Hannon
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    Sep 14th 2016, 5:59 PM

    How do you delete apps now with iOS 10?
    I have a 6s and it won’t delete them???

    1
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