D14 Churchtown, Clonskeagh, Dundrum, Goatstown, Kilmacud, Milltown, Rathfarnham, Stillorgan, Windy Arbour -
There has been a hard 20% drop in prices in D14 in 2010 . This has been caused by the huge rent-driven reality check for apartments, the clampdown on lending for refurbs on ex-corpo homes and the probable reigning in of the over exuberant “Luas bounce” of previous years.
There were no investors in the Dublin 14 market last year and they are unlikely to return this year as banks continue to restrict finance and the rental market remains low. Rents have decreased by up to 35% since their peak in 2007.
There remains a shortage of new and second-hand family houses in Dublin 14 as young couples look for convenient living near to all services.
Prices of a Second-hand 4-bed semi in D14
Second-hand 4-bed semi:
Jan 2007: €800,000
Jan 2010: €500,000
Jan 2011: €400,000
Jan 2012: €380,000