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dublin housing

Just when we thought 2019 was going well, we were hit with this. 

We didn't really need anymore confirmation that property in Dublin is expensive AF – but it's about to get even pricer. 

Dublin estate agents have predicted that property value in our capital will rise by an average of 3.8 percent this year. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Their forecast for 2019 is less than half of the figure they predicted for last year.

The Sunday Times said it was an indication that estate agents are more cautious for the year ahead, following a subdued 2018 for the Dublin property market.

Prices were expected to rise last year, but they crept up slower than anticipated. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Predictions for the year ahead vary from no change to price increases of 7 percent, reports The Sunday Times.

But the vast majority of estate agents foresee increases of 3-5 percent in the low to mid-market.

Very small increases are expected for property valued at €750,000 or above, and despite inflation slowing, many estate agents still predict to see slight price rises.

The cheapest place to buy a home in Dublin are in Ballymun, Dublin 11, Neilstown in Dublin 22, and Darndale in Dublin 17.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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The average price for a three-bedroom townhouse comes in at €210,000 in Ballymun, between €200,000 – €220,000 in Neilstown and €225,000 in Darndale.

However, if you have the cash to splash – Dublin’s most expensive suburbs will cost up to three times as much.

A three-bedroom townhouse in Ranelagh, Dublin 6 will set you back an average of  €650,000.

You'll need to cough up an average of €625,000 to buy in Ballsbridge and Donnybrook, Dublin 4.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Portobello in Dublin 8 has been growing in popularity and a similar property is valued at an average of €625,000.

Meanwhile, my bank balance is telling me I have about ten euro to my name – must be all the avocado on toast I'm indulging in…

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There is nothing tougher to break than the Dublin housing market right now, but some relief could be on the horizon. 

Plans for the development of more than 1,000 homes in Dublin will be available for public consultation from Monday.

The development plans focus on lands off the South Circular Road, which are made up of various industrial sites. 

The lands are made up of the former Players Wills cigarette factory, the former Bailey Gibson packaging plant and St Teresa’s Gardens, a Dublin City Council flat complex at the back of the two factories.

Planning permission for the urban quarter was secured back in 2008, but the area and factories have been left unrenovated for the past decade. 

Almost all of the new homes will be apartments, with additional children's play areas, parks and sports areas proposed. 

Dublin City Council told The Irish Times that it expects planning applications to be made to An Bord Pleanála in the coming months.

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