ASKING PRICES FOR properties in Smithfield have risen faster than almost any other area in the capital.
The average list price of a home in the neighbourhood is now €295,252, according to the latest Daft.ie analysis.
This represents an increase of almost 117% since 2012 when the recession was at its worst. The average then was just €136,219 – less than half the current level.
Only Cabra, just up the road in Dublin 7, has seen a larger relative price increase.
Prices in Smithfield remain significantly lower than their Celtic Tiger peak. In 2006 the average asking price was €383,642.
And at €295,000, average property prices in this inner-city neighbourhood remain well below the overall Dublin average of €395,000.
However, this is likely to be influenced by the high proportion of relatively small apartments in the area compared to houses and larger dwellings.
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