Why Irish Eyes Are Smiling ; Property in Dublin Is Booming, Thanks to Mortgage Rates of Three Per Cent and a Multimillion-Pound Regeneration of the City's Docklands, Says Sue Carter Homes Property

Evening Standard - London › April 20, 2005

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Summary

THERE are no bargains to be had in Dublin, but three per cent mortgages make buying less painful - and there is plenty of new property to choose from.

Last year, The Economist voted Dublin the city with the best quality of life, but the attractions of the Irish capital are not cheap. You can expect to pay Pounds 313 a square metre for property. Dublin house prices have more than doubled since 1997. Nationally, prices grew by 8.6 per cent last year, down from 13.8 per cent in 2003; but in the city's hot spots, capital appreciation continues in double digits. The average price for a Dublin house is Pounds 232,579.

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Extract

Why Irish Eyes Are Smiling ; Property in Dublin Is Booming, Thanks to Mortgage Rates of Three Per Cent and a Multimillion-Pound Regeneration of the City's Docklands, Says Sue Carter Homes Property

The boom years of the Celtic Tiger have seen Dublin blossom into a hip and trendy capital that has become one of Europe's top...

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