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House prices have risen 3.5% in the last year, according to a report from the real estate website Daft.ie.
More than 630 properties worth 1 million euros or more have been sold so far this year.
More money is being spent on homes with Daft.ie, which assesses the value of all residential property in Ireland now at more than € 536 billion, a jump of 18 billion from last year.
The median sales price nationwide is € 264,000, while the most expensive location to buy a home is still Dublin, followed by Enniskerry in Co Wicklow.
The survey suggests that the most expensive street is Temple Gardens in Rathmines, where three properties sold for more than 2 million euros.
While the average sale price at Mount Merrion is now € 820,000, followed by Dalkey at € 765,000 and Sandycove at € 746,000.
House prices in Kinsale, Co Cork are € 364,000 and Kinvara, Co Galway are € 300,000, again in each case the most expensive market in their region by some distance.
Now there are only two areas in the country where average property values remain below € 100,000.
Bundoran in Donegal, where the median house price is valued at € 91,000 and Castlereagh in Roscommon with a price slightly higher than € 96,000.
Ronan Lyons, author of the Daft.ie Wealth Report, said: “Overall property wealth in Ireland is up approximately 3.5% from the previous year to € 536.4 billion, almost € 18 billion more than the report figure. of the second half of 2019.
“That increase of almost 50 million euros per day was not due to the completion of 6,000 million euros of new homes, which were affected by the pandemic, but to the higher values of existing homes.”
Lyons added: “If I had surveyed 100 economists at the beginning of the year, when there were only the first indications of the potential impact of Covid-19, I doubt anyone in all honesty would have predicted that such an economic shock would have caused property prices to rise. Don’t come down, but that’s what happened. “
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