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THE PRICES OF houses close to Dart stations and Luas stops rose by an average of 4% in the first quarter of 2018 to an average of €492,000, according to new research from Daft.ie.
This means that buyers are now paying a premium of €114,000 for a property close to a Dart station or Luas stop, compared to the average asking price in Dublin.
Figures released today analyse the average asking prices for two-bedroom and three-bedroom properties close to (controlling for time, size and type) each of the 125 stops and stations in the Greater Dublin Area from April 2017 to March 2018.
Here’s a breakdown of the most expensive house prices in the areas analysed:
Most expensive (all stations)
Most expensive (Luas Green Line)
Most expensive (Luas Red Line)
Most expensive (Dart)
Commuters on the Dublin south coastline pay on average the most for a property close to a Dart station, with prices averaging €625,000.
Prices near Dart stations are among the most expensive analysed, with Lansdowne Road (€765,000), Sydney Parade (€761,000) and Blackrock (€734,000) accounting for four of the top five most expensive stations to live by.
Luas
On the Luas, homes close to the Beechwood stop on the Green Line have the highest average asking price (€752,000), while those living close to the Spencer Dock stop (€633,000) pay the most on the Red Line.
Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin, said: “The price of housing reflects not only the dwelling itself but also a wide range of nearby amenities. An obvious example is access to good transport facilities and, as this report shows, those looking for a new home reward properties with good transport links.
In Ireland, the property tax is based on the market value of a home – and this is a good way to encourage investment in more transport infrastructure. As these homes are more valuable, this leads to a form of ‘value capture’, with government able to set aside some of their Local Property Tax income to pay back money borrowed to build new rail track.
Martin Clancy from Daft.ie added that infrastructural inflation is “unsurprisingly driving up premiums for properties with good connectivity”.
“For example, on the Luas Green Line, 16 of the 27 stops have average property prices in excess of half a million euro,” he said.
All maps via Daft.ie, the report was sponsored by KBC Bank.
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There’s tragedy in life like the death of a child .Things never get back to the way they were. RIP to all those who died. Unimaginable heartache for their families …
Thank you for changing the headline. Those four deaths are equally tragic and all four were in the wrong place at the wrong time. It’s unfair to think the family of the little girl is hurting more than the families of the three men. RIP to all of them.
Hi Theresa, it wasn’t intended for the three men to be ‘treated like they didn’t matter’. They were mentioned in the excerpt just below the original headline.
I know they were aoife but every death is tragic and should be treated equally. You mentioned them but didn’t feel their death was as tragic.
Hi Theresa, it’s incorrect to say I didn’t feel their death was as tragic. They were not in the headline but were in the subheading right under the headline, and also in the first line of the piece.
I understand your concern of course, and did change the headline, but it’s not fair to make an assumption about what I do or do not feel about these men’s deaths.
Why weren’t they in the headline? Can you explain your reason to give them a little mention?
relax Theresa, she has already clarified.
Sounds reminiscent of the incident in Scotland….
Four people died here so I don’t get the focus on one person. Your headline is off side.
Have you got kids Theresa because losing a 4 year old is cruel hence the headline focusing on the loss of the kids life who was really just beginning life, think before you comment would be my advice to you
Those three men might have children who are now without a father. Grief is not just for parents. I personally find the story one sided and the three men just added like they didn’t matter. It’s just how I see it.
Give it a rest will ya. There’s always one person who can manage to be offended by everything
Why are arguing about whose death is more tragic? Have a bit of compassion and think before you type.
RIP to the four people here, I hope and pray the grandmother recovers. My thoughts are with the families left behind :(
Horrific,I remember something similar happening on the long mile road many years ago when a container fell off a lorry.
How desperately sad for the families of the bereaved.
Theresa untwist your knickers
What were the ages of the men?
have your say