Ireland’s most expensive street identified in new property report (2024)
Ireland’s most expensive street based on property values has been identified in a new report published on Sunday.
The Daft.ie report says Temple Gardens, in the Dublin 6 suburb of Rathmines, three properties traded for more than €2 million, with an average price tag of €3.1 million.
It was previously described by Irish Times Property Editor Madeleine Lyons as "a quiet road of just 26 houses tucked away between the broad sweep of Palmerston Road and quieter Merton Road running along the Luas track to Cowper". She noted that "for a short stretch of detached and semi-detached homes, it certainly punches above its weight when it comes to sales."
On the other end of the scale there are now only two areas in the country where average property values remain below €100,000. They are Bundoran, Co Donegal where the average is- €91,000 and Castlereagh, Co Roscommon which saw average house prices of €96,000 in 2020.
The value of all residential property in Ireland now stands at over €536 billion, up from €518 billion a year ago, representing a daily increase of €50 million, according to the report.
There were 638 transactions of €1 million or higher for individual properties in 2020 so far.
The highest concentration of property millionaires is in Dalkey with 643, followed by Ranelagh (305) and Ballsbridge (235).
House prices are growing by 3.5 per cent year-on-year and in 2020. By location, the most expensive markets are all in Dublin. The average asking price in Mount Merrion is now €820,000, followed by Dalkey €765,000, and Sandycove €746,000. By comparison, the average asking price nationwide is €264,000.
Outside of Dublin, Enniskerry in Co. Wicklow is the most expensive, with average property values of €625,000. In Munster, Kinsale Co Cork is top of the list (€364,000) and in Connacht-Ulster, Kinvara has the most expensive average property price (€300,000).
Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Wealth Report, said: "Overall housing wealth in Ireland is up about 3.5 per cent on a year ago.
“That increase of almost €50 million per day was driven not by the completion of €6 billion of new homes, which was affected by the pandemic, but instead by higher values of existing homes. If you had surveyed 100 economists at the start of the year, when there was only the first inklings of the potential impact of Covid-19, I doubt whether any – in all honesty – would have predicted that such an economic shock would have caused property prices to rise, not fall, but yet that is what happened.”
A leafy Dublin street sandwiched between Rathgar, Milltown and Rathmines, now holds the illustrious title of Ireland's most expensive street for the first time. Temple Road in Dartry has overtaken Ailesbury Road as the country's priciest address, according to research published today by property website Daft.ie.
Stepping out of Dublin, the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €534,999. The second most expensive Eircode area outside of the capital was A98 'Bray', where the median price was €465,000.
Outside of Dublin the most expensive Eircode area was A63 'Greystones', with a mean dwelling price of €518,927. The second most expensive Eircode area outside of Dublin was A98 'Bray', where the mean price was €462,448. The third most expensive was P17 'Kinsale', which had a mean price of €402,189.
Popular culture. Reflecting the high real estate values in the area, Shrewsbury is the most expensive property on the Irish Monopoly board, and is part of the dark blue set with nearby Ailesbury Road.
This residential street of 26 properties was built in the early 1900s and features stunning Edwardian architecture. In 2005, one of these homes, named Walford, was sold for €58 million making it the most expensive house ever sold in Ireland.
Ireland is the 16th most expensive country in the world to live, according to price-comparison website Numbeo. The rankings are based on the average price of goods and services, including groceries, restaurants, transport and utilities, across 139 countries. They do not include the cost of housing, rents or mortgages.
1. St Kilda. The off-market sale, for €12.5 million euro, of St Kilda, on Sandycove Avenue East, in south Dublin, has been the most valuable transaction to have taken place in the Irish residential market so far this year.
MALAHIDE HAS THE highest median household income of any large town in Ireland, according to new figures published today by the Central Statistics Office (CSO).
Unsurprisingly, it is 5th Avenue in New York that turns out to be the most expensive street in the world, with a single square metre costing $21,889 per year.
1. The One, Los Angeles, California | Most Expensive Houses. The One, which took eight years to create, has surpassed all other pricey mansions in the US to claim the top rank. Nile Niami's modern masterpiece, this private mansion is situated on a five-acre site in Bel Air, Los Angeles, California.
The New York Post reports: 57th Street in Manhattan, which is lined with a handful of supertall luxury buildings built in the past decade, is the street with the most expensive properties in the world, according to a new study.
Dublin has the largest disposable income amounting to €27,686 per person, income has risen to 18% above average and has increased for the third consecutive year. Disposable income in Limerick is estimated at €26,248 per person, next highest after Dublin.
The main reasons are high rents; a lack of competition in some sectors; lower subsidies and higher VAT than elsewhere; and with Ireland's wage level playing a more minor role than might be expected.
O'Connell Street is one of Dublin's major attractions and a must for all tourists visiting Ireland's capital. It is a great place to just walk around, and enjoy its architecture and monuments.
Travelers are voting O'Connell Street, Grafton Street and Ailesbury Road as the best of 12 famous streets in Ireland. Also popular are Dame Street, Henrietta Street and Kildare Street in Dublin.
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