People who want to live close to Dublin’s DART and Luas stations are paying around 26% more than the average asking price for a house.
New research from Daft.ie, shows prices for these houses rose by an average of 4% in the first quarter of 2018, to an average of €492,000.
Martin Clancy from Daft.ie says people seem to be willing to pay a premium for proximity to transport:
“I suppose Ranelagh on the Green Line might be a good example to use here – if you’re living within two kilometres of Ranelagh, the average asking price is for a property is €725,000, however if you’re a little bit further away from the Luas stop the average price is €671,000 so there is that premium of €54,000 there which is due to the proximity of the Luas and the DART.”
