House prices to rise by five per cent in the Tallaght district

By Aideen O'Flaherty

IT IS predicted that there will be a five per cent increase in house prices in Tallaght this year, with a local estate agent saying that the area is particularly attractive to first-time buyers and long-term renters who want to get on the property ladder.

According to figures released by the CSO last October, the median house price in the Dublin 24 area is €299,999, which is €55,000 higher than the national median excluding Dublin, but it is €65,000 lower than the median house price in Dublin.

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Looking to the year ahead, Anthony McGee of REA McGee estate agents told The Echo: “We’re predicting a five per cent increase in house prices in Tallaght in 2019.

“There is huge demand from first-time buyers, the market for first-time buyers is very strong in Tallaght.

“There is still a huge population of renters in Tallaght, who are very much trying to save for their first home.

“The problem is that rent is so high, there are many people who cannot afford to qualify for a mortgage or save for a deposit.”

Prices for houses and apartments in the Tallaght area start at €200,000, according to Mr McGee, with areas near The Square and the Luas line being particularly appealing to buyers of second-hand homes.

“The likes of Springfield is a good place for a starter home,” explained Mr McGee, “because it has amenities like The Square and the Luas nearby.”

Firhouse is one of the areas of Dublin 24 which commands a price at the upper-end of the scale, while Killinarden is one of the more affordable locations in the area for buyers, according to figures compiled by REA McGee.

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