TWO property reports published last week show that prices for homes in Dublin are continuing to rise with one putting the increase for Northside properties at between 1.7 and 2.2 per cent.
In some Northside areas, like Dublin 11, the increase is estimated to be as much as five per cent.
However, according to Daft.ie, annual inflation for house prices across the city is now just 1.1 per cent, down from a high of 24.5 per cent in late 2014.
Between April and June, average list prices rose in five of six regions in Dublin, with Dublin City Centre seeing a 1.3 per cent rise. The biggest increase was seen in the North City area, with list prices up by 2.2 per cent.
In the City Centre area, list prices increased by 1.7 per cent year-on-year while in the North County area they are up by 1.5 per cent.
The most expensive average list prices for homes north of the Lifey are in the North City at €286,257 compared to €268,361 in the North County and €253,520 in the City Centre.
Prices on the Southside have increased by less, with the South City and West County (also including Dublin 15) up by one per cent and actually down by 1.6 per cent in the South County.
The Daft.ie report highlights a divide between Dublin and the rest of the country where prices are rising at a significantly increased average of 10.2 per cent.
Commenting on the report, Ronan Lyons, Assistant Professor in Economics at TCD, said that nationwide, the overall dynamic in the housing market currently is one of very strong demand pulling up prices.
“The obvious exception to this is Dublin, where Central Bank rules have linked house prices to the real economy,” he continued.
“What we are seeing in the capital is buyers seeking out good-value locations.
“The strongest price growth is being seen currently in previously unfashionable postcodes – the market’s judgement not mine! – such as Dublin 10, 12, 17 and 24.
“At the other end of the spectrum, five of the most expensive areas of the city are seeing prices fall: Dublin 2, 6, 16, 18 and South County Dublin.”
In a separate report, MyHome.ie put asking prices for newly listed properties in Dublin during the second quarter of the year up by 3.6 per cent – four times higher than the 0.9 per cent reported in the first quarter.