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Dublin

11th Dec 2017

This Is How Much It Now Costs To Buy A House Beside Every DART And Luas Stop

James Fenton

A new Daft.ie report has indicated that prices for three-bedroom homesĀ along the new Luas line have risen by 15% in the past year.Ā 

The three most expensive stops along the cross-city line which opened on Saturday are Dawson (ā‚¬519k),Ā Trinity (ā‚¬519k) andĀ Westmoreland (ā‚¬519k). The sample ofĀ comes from the period between January and November 2017.

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Taking in the whole Luas network, the most three most expensive stops are all on the green line, namely Beechwood (ā‚¬727k), Ranelagh (ā‚¬682k) and Charlemont (ā‚¬666k).Ā 

The priciest red line stops are Spencer Dock (ā‚¬597k), Mayor Square (ā‚¬562k) and Jervis (ā‚¬518k).

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Topping the list on the DART Northside and Southside respectively are Malahide (ā‚¬546k) and Sandymount (ā‚¬784k).

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Commenting on the figures, Ronan Lyons,economistĀ at Trinity College Dublin said:

ā€œIt is well known that transport infrastructure can have a big impact on property values. Over the last 20 years, Ireland has added lots of newĀ infrastructure, including motorways and the DART.Ā 

“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.ā€

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(all pics: Daft.ie)

READ NEXT:Ā The New Luas Line Opened Today And People Are Fairly Chuffed

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