A new Daft.ie report has indicated that prices for three-bedroom homes along the new Luas line have risen by 15% in the past year.
The three most expensive stops along the cross-city line which opened on Saturday are Dawson (€519k), Trinity (€519k) and Westmoreland (€519k). The sample of comes from the period between January and November 2017.
Taking in the whole Luas network, the most three most expensive stops are all on the green line, namely Beechwood (€727k), Ranelagh (€682k) and Charlemont (€666k).
The priciest red line stops are Spencer Dock (€597k), Mayor Square (€562k) and Jervis (€518k).
Topping the list on the DART Northside and Southside respectively are Malahide (€546k) and Sandymount (€784k).
Commenting on the figures, Ronan Lyons,economist at Trinity College Dublin said:
“It is well known that transport infrastructure can have a big impact on property values. Over the last 20 years, Ireland has added lots of new infrastructure, including motorways and the DART.
"The opening of the cross-city Luas has clearly added value in the areas newly served by light rail: three-bed homes near the new Luas stations saw their values increase by 15% over the last year, compared to a 6% increase in similar homes near other rail stations. Whether the taxpayer gets some payback, however, is down to the Government.”
(all pics: Daft.ie)