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There are signs housing supply is starting to pick up in Dublin - but it's stagnant elsewhere

Prices are – you guessed it – still creeping up, but there are signs the rate is starting to slow.

MyHomeProperty Q1 Report-3BedMap April 2018 MyHome.ie MyHome.ie

THE NUMBER OF houses on the market in Dublin is starting to increase, although the number nationally remains stagnant, according to a new report.

And while prices are still rising, the rate is starting to slow.

The latest figures from MyHome.ie put the median asking prices for new sales outside of Dublin at €210,000, while in the capital it stands at €345,000.

But while this is still significantly higher in Dublin, prices increased 3.3% there in Q1, compared to a national average of 4.4%.

The rate of inflation is still a cause of concern for new buyers, the company says.

“Inflation in Dublin is now 8.2%, down from just over 11% in Q4 2017. The tightening of the Central Bank mortgage lending rules coupled with stretched affordability was always likely to be first felt in Dublin,” chief economist at Davy and author of the report, Conall MacCoille said in a statement.

The cooling off is already evident in more expensive areas and property types. The median asking price in Dublin South City was flat year on year at €275,000 but was up 12.8% in Dublin North City to €225,000. The median one-bedroom apartment price in Dublin increased by 13% over the past 12 months to €190,000; in contrast four-bedroom detached house prices have been flat at €650,000.

MacCoille also noted that an uptick in supply is starting to be experienced in Dublin, although the situation remains the same elsewhere:

The other key trend we are seeing is that house supply is finally picking up. Although the number of properties listed nationally on MyHome.ie is largely unchanged at 18,800 the number of properties in Dublin is 3,900, up 20% on last year.

He said one notable trend outside of Dublin is an increase in the number of new developments, with the number in Cork stands at 64, a more than 50% increase on mid-2017.

A similar report released at the weekend by Daft.ie found that the average price of a house in Ireland is more than 7% higher than this time last year and more than 50% higher than five years ago.

Prices in Dublin rose more that 8% last quarter, it said. The average house price in the capital now stands at €368,356, an increase of €145,000 on their lowest point in 2013.

Read: The average house price in Dublin is €145,000 more than five years ago >

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    Mute The Risen
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    May 21st 2018, 7:23 PM

    The vote on Friday will merely determine whether or not womdn CHOOSING an abortion will continue to be restricted to unsafe, unsupervised abortions or will have a path to safe, supervised abortions.

    Vote Yes to trust women and not needlessly endanger their lives

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    Mute Elvis Polkasalad
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    May 21st 2018, 7:34 PM

    Very Sad , People have become so selfish

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    Mute The Risen
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    May 21st 2018, 7:43 PM

    @Elvis Polkasalad: Yeah, dem selfish women having notions about their bodily autonomy…

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    Mute The Risen
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    May 21st 2018, 7:45 PM

    * wimmin

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    Mute Jeremy DeChad
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    May 21st 2018, 7:58 PM

    @The Risen: Bodily autonomy is a joke. Nobody has bodily autonomy, someone gets cancer try saying i am exercising my bodily autonomy cancer please go! We are at war and men mainly have to defend the country. Try saying no my bodily autonomy means I dont have to defend the country, you would probably be shot. If a woman has sex she is partly giving up bodily autonomy i.e. if she gets pregnant, sorry then there are two bodies and two lives not one. While the woman’s life will be given priority in a life or death situation there are still two lives and it is plain wrong for a mother to snuff out the life of her child in any circumstances. Vote no to this vile law which Harris is proposing to replace the 8th. The 8th is our law and we should not give up our rights to set law in life or death situations.

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    Mute Jenni Harrison
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    May 21st 2018, 8:10 PM

    @Jeremy DeChad: if someone had cancer, they can choose to have chemotherapy to get rid of it. Silly argument

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    Mute Jeremy DeChad
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    May 21st 2018, 8:13 PM

    @Jenni Harrison: yes but it may or may not cure you. Your “bodily autonomy” cannot be used to force the cancer to leave your body. Hope thay is helpful for you.

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    Mute Jenni Harrison
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    May 21st 2018, 8:35 PM

    @Jeremy DeChad: I don’t think you comprehend the meaning!
    Bodily autonomy means a person has control or choice over whom or what uses their body, for what, and for how long. It’s why you can’t be forced to donate blood, tissue, or organs. Even if you are dead.
    The risen is using the phrase correctly. You are not

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    Mute Jeremy DeChad
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    May 21st 2018, 9:33 PM

    @Jenni Harrison: that is your opinion about what bodily autonomy means but of course you are wrong. Think of this when a woman is pregnant it is no longer just her and her body that actually exists. There is a second body occupying the same space and one which she has played a part in creating. The question that we need to consider is whether she has a right to destroy the other life / body. The 8th aims to say no. Keep the 8th vote no.

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    Mute The Risen
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    May 21st 2018, 9:45 PM

    @Jeremy DeChad: Fair play to ya mansplaining bodily autonomy to the wimmins.

    Cheer for the extra votes you just sent to the Yes side.

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    Mute Costello Brendan
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    May 21st 2018, 10:07 PM

    @Jeremy DeChad: There are many situations where a woman has not played a part. A fetus is not a body so there is no second body involved. Bodily autonomy means having control over what your body is used for, who or what uses it and what you decide or decide not to do with it. Even though I’m a yes voter I have tried to see this from the no perspective but still haven’t seen a single argument to change my mind. I am a man and I don’t feel like I have any right to tell a woman dealing with a crisis pregnancy what to do. If you vote no, and I respect your choice to do that, I can’t get my head around how aggressive you’re being. If this was a simple issue there’d be no argument. It’s not black or white and you can make an argument without being aggressive or disrespectful.

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    Mute Jeremy DeChad
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    May 21st 2018, 11:22 PM

    @Costello Brendan: haven’t a clue what you mean by “aggressive” I am not the one who referred to anyone as silly. Fetus means offspring another word for child and is a separate developing body that is dependant on its mother but should not be subject to being killed by her.

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    Mute Joe Caulfield
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    May 21st 2018, 8:00 PM

    Questions ?

    When does a life begin biologically ?

    Who has the right to determine a cut off point for protection under the constitution?

    Why did we swap one (catholic) orthodoxy for another (left wing) orthodoxy which is less tolerant of diverse opinions and constantly pursuing agenda ?

    Why do we send people afflicted with trauma (sympathy expressed) to Dublin to run things like heath care (Brid Smith) foreign affairs (Colm OGorman) and housing( Boyd Barrett) ?

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    Mute Gkell1
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    May 21st 2018, 8:11 PM

    In the event of a ‘yes’ vote, the electorate will wake up on Sunday to a different society where the protection of the law in ending life is no longer an absolute. The Oireachtas report is exclusively biased towards those who see only one life in a pregnancy but also do not see the law is diminished in such a way that it now becomes something more than an entitlement vehicle but those who engage in criminal activity discovers the law no longer acts as a protector of life on this island. Other countries can only live uncomfortably with the dilution of law and order as a protector of life and the medical community that tries their best to save lives so advocacy groups can influence politicians to their section of the electorate.

    The vote is a swindle in that the Government has done everything to avoid asking the electorate the 12 week/no reason question because it doesn’t trust the electorate to give them the answer they and the advocacy groups desperately seek.

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    Mute Shougeki
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    May 22nd 2018, 1:39 PM

    @Gkell1: Lies and hyperbole.

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    Mute Brian Rutledge
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    May 21st 2018, 9:09 PM

    M”"RDER, plain and simple, VOTE NO.

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    Mute Ross Stewart
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    May 21st 2018, 11:20 PM

    @Brian Rutledge: mqrder? Mzrder? I give up, what is it?

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    Mute TradingDuck
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    May 21st 2018, 8:05 PM

    Is it just me or is Isobel a nailed on yes voter?

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    Mute John Considine
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    May 21st 2018, 7:57 PM

    Obviously it’s not the final say, there is no final say. The constitution serves the people, not the other way around. It can and should be amended to reflect the will of the majority. As the set of people, “majority”, changes on every issue over time there may be a need to revisit any issue at a given point. Just common sense, isn’t it?

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    Mute TradingDuck
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    May 21st 2018, 7:58 PM

    At the risk of looking silly, what was the law before 1983? I’m assuming it was the same except it was done through legislation rather than the constitution?

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    Mute Luke McAllister
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    May 21st 2018, 7:22 PM

    Same advice as every referendum.
    Either way it’s not the final say on the matter as in 35 years time people who were ineligible to vote in this referendum will be given their chance to vote on the 8th Amendment.

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    Mute Luke McAllister
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    May 21st 2018, 7:24 PM

    2053
    2088
    Next 2 referenda on the 8th.
    Be sure to remain on the register.

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