Ireland Enjoys Over $569 Billion in Residential Home Sales Annually

According to a new report by Daft.ie, Ireland home prices are currently growing by 5.9% year-on-year and in 2019 there are on average 11 properties sold nationwide every week that are worth €1m or more. The highest concentration of property millionaires is in Dalkey with 936, followed by Foxrock (540) and Mount Merrion (230). By location, the most expensive markets are all in Dublin. The average asking price in Mount Merrion is now €850k, followed by Foxrock €834k, and Sandycove €752k. By comparison, the average asking price nationwide is €261k. Outside of Dublin, Enniskerry in Co. Wicklow is the most expensive market with average property values of €638k, In the other provinces, that distinction falls to Kinsale in Munster (€395,000) and Kinvara in Connacht-Ulster (€326,000), again in each case the most expensive market in their region by some distance. The cheapest market in the country remains Ballaghaderreen in Roscommon, where with the average property value at just €97,000, it remains the only market in the country where property values are below €100,000.