THE latest analysis of the Property Price Register for the first half of 2014 shows that Dublin 6 was the most popular area to buy a property in the capital with 346 sales recorded between January and June.
The in-depth study of the Dublin property market shows that the number and value of transactions rose in all but two areas in the first six months of 2014.
According to the study, which is based on an analysis of the Property Price Register, Dublin 6 was the most popular area to buy a property with the 346 sales showing an increase of 76 per cent on the 197 sales in that postcode region for the same period last year.
The study, which was carried out by leading property website Myhome.ie, shows that Dublin 15 (303), Dublin 16 (265), Dublin 14 (259), Dublin 6W (258), Dublin 18 (240), Dublin 8 (233), Dublin 3 (225), Dublin 11 (215), Dublin 9 (210) and Dublin 13 (208) also attracted lots of interest.
The latter recorded the biggest percentage increase in the first half of the year, rising by 189 per cent, helped by the fact that sales in Clongriffin jumped dramatically from five in the first half of 2013 to 73 in the first six months of this year.
In total, there was an increase of 32 per cent in the volume of sales rising from 3,966 to 5,240 with e1.83bn being spent on property in the capital in this period.
This is an increase of 45 per cent on the e1.26bn that was spent in the first six months of 2013.
Of the 23 regions in Dublin – taking into account the postcode areas and Dublin County – only Dublin 20 (-14 per cent) and Dublin 17 (-13 per cent) failed to record an increase.
The Managing Director of Myhome.ie, Angela Keegan, said that if the present trend continued we would see around 14,000 transactions in Dublin this year, up from the 11,095 recorded last year.
“We’ve seen almost 1,300 more transactions in the first six months of this year than we did at this point last year and that is very pleasing,
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“The volume of sales is increasing and we believe this trend will continue because people who haven’t been buying for the last number of years are now back in the market.
“We are concerned about the lack of supply and the affect this is having on sales and affordability.
“For example Castleknock was the most popular area to buy a home during 2013 with 304 sales but its figures for the first six months of the year fell by 11 per cent, underlining the stock problems that are affecting many parts of Dublin.
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Sales in County Dublin rose from 940 in the first half of last year to 1,226 in the first six months of this year, an increase of 30 per cent.
Sales in South County Dublin were up 25 per cent, while they rose by 34 per cent in North County Dublin. In total e454m was spent on property in Dublin County.
The postcode area that saw the biggest spend was Dublin 18 on e178m while the smallest spend was Dublin 10 on e5m.
Terenure in Dublin 6W was the most popular locality to buy a home in the first half of the year after seeing sales increases from 48 in the first half of last year to 178 in the same period of this year.
However, this 271 per cent increase was helped by 112 individual sales at Bushy Park House.
Aside from Terenure, the top 20 most popular areas to buy homes in the county in the first six months of the year were Lucan (136), Dun Laoghaire (93), Swords (89), Blackrock (84), Balbriggan (74), Clongriffin (73), Rathfarnham (68), Malahide (66), Tallaght (65), Clondalkin (60), Skerries (60), Castleknock (58), Glasnevin (54), Crumlin (51), Drumcondra (49), Clontarf (48), Finglas (48), Clonsilla (46) and Stepaside (46).