The Sunday Business Post, Sunday, December 9th 2018
This year saw a new strategy in the rental sector where whole apartment blocks were sold to investors
The docklands residential market performed well in 2018, but there was a notable halt in price growth. Our average selling price was €626 per square foot compared with €622 in 2017, a fractional increase. The first quarter started positively with plenty of enquiries and strong selling prices. However, at the start of the summer a significant increase in supply shifted the market dynamics, with affordability becoming a factor for owner occupiers due to mortgage cap restrictions and signs of hesitancy from investors who didn’t see value despite the very strong rental market. The year 2017 was extraordinary for the market, with our selling prices up 13.1 per cent. In my opinion, selling prices towards the end of 2017 were inflated, which resulted in moderate corrections in the second half of this year.
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The Sunday Business Post, Sunday, December 9th 2018
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