The most expensive property sold in 2017?
€8.4 million was paid for a house in Fintragh of Shrewsbury Road according to the Daft.ie. Five streets have had transactions of €3 million or more in the last 18 months: Shrewsbury Road, Ailesbury Road, Temple Gardens, off of Palmerston Road in Dublin and Westminster Road in Foxrock.
Only one percent of all homes in Ireland are worth €1 million and over according to the Property Price Register.
Highest number of over a million home transactions is Herbert Park in Ballsbridge.
Total spent on housing since 2016?
€800 million was spend on housing alone since 2016 according to the Property Price Register. That averages around €12 million every week paid for in housing. The average price for a house the first quarter of 2017 was €230,000.
Ten years ago, however, the average home was worth around €370,000. After the crash, the average price of a home was around €165,000 five years ago.
Total of all Ireland’s Property worth?
If you would combine all the valuations of all the properties in Ireland it will come to almost €400 billion. Which means property taxes in Ireland is bringing in around €700 million each year.
More than two-thirds of all Irish households own a home with a majority worth over six figures. Only one percent of all homes in Ireland are worth €1 million and over according to the Property Price Register.
The cheapest market in Ireland being Ballaghaderreen in Country Roscommon. The average home price is around €58,000. While the most expensive area is Sandycove in south Dublin where the average property prices comes to around €790,000. With Foxrock and Mount Merrion in close second with over €750,000 as an average.
Outside the city we see Enniskerry in Country Wicklow coming in first with an average of €495,000. In second, Kinsale in Country Cork at €309,000. Third being Kinvara in County Galway where the average is €257,000.
Seeing how in and around Dublin has some of the most expensive homes in Ireland, this trend is because Dublin is the largest city in Ireland. The country has seen some major property price increases as well as dramatic falls in the last few decades. That is a result from the housing bubble burst in 2008 and recovering property prices since then.
In reference to Revealed: Most expensive places in the State to buy property by Colin Gleeson in the Irish Times on 18 July 2017.