Data from our transactions up to the end of August show a steady performance by the Docklands residential market compared to other Dublin regions. Price inflation has cooled with selling prices 1.6% above asking prices compared to 4.1% in 2018. However it is still growth!
50% of our buyers are now owner-occupiers though investors are still dominant in the >€500,000 price range. With over 80% of our sellers being investors, the amount of available rental stock continues to deplete.
In the rental sector, rents continue to grow through inflation has slowed due to rent cap regulations and affordability ceilings. Strikingly only 7% of our tenants in Docklands this year are Irish. 61% of our tenants work in the technology sector and the average combined household salary is now €132,382, up 13% on 2018.
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