House prices in parts of the capital are expected to rise by up to 15% in some parts, according to a new property index.
The Sunday Times Property Price Guide 2018, published tomorrow, reveals that Irish property prices are expected to rise by a staggering average of 8% across the country this year.
The index surveys estate agents and experts from 70 regions throughout Ireland, including every city, county and Dublin’s 22 postcodes.
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And Dublin estate agents predict hikes of between 5-10% throughout the capital in 2018, although some postcodes – such as Dublin 4 and Dublin 12 - could see price values rise by as much 15%.
The lack of supply is expected to drive prices forward, although new homes are on the way in developments such as No 6 Hanover Quay and Boland’s Quay in the Dublin Docklands, Temple Woods on the old Cuckoo’s Nest pub site in Dublin 24 and Ardilaun Court in Raheny.
Of all counties, Donegal is expected to have the lowest percentage increase, as Brexit uncertainty and a reduction in purchasers from across the border are expected to hamper sales