Dalkey road is most expensive in the country according to new report

by Gary Ibbotson
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Coliemore Road in Dalkey is the most expensive street in the country according to a recent Daft.ie report.

A bungalow on the street is priced at an estimated €1,334,000, a terraced house at €1,055,000, a detached house at €1,229,000, and a semi-detached at €1,161,000.

It is also estimated that 936 people in Dalkey are property millionaires.

The 2019 report was calculated based primarily on the output of hedonic price regressions, which reveal average property values for particular classes of property.

Newly elected Fine Gael councillor for Dún Laoghaire, Lorraine Hall says: “It shouldn’t come as a surprise to anyone that our locality hosts some of the most expensive streets in Ireland.

“In fact, the Daft report estimates there are 936 property millionaires in Dalkey, which is the highest in the country.

“For me the real measure of Ireland’s housing wealth is the quality and supply of residential accommodation available to the population, not the number of €1m+ properties.

“We shouldn’t congratulate ourselves too much – if house prices rise unsustainably, they can soon reverse course,” she says.

Ailesbury Road in Ballsbridge is the second most expensive while Park Avenue in Sandymount comes in third.

Palmerstown Road in Rathmines is fourth and Glenart Avenue in Blackrock is fifth on the list.

The report also revealed that Dublin 6 is the most expensive market in Ireland with the average asking price of nearly €636,000 followed by South County Dublin at €608,549.

Over ten houses worth €1 million or more sold every week in Ireland, the report finds.

While the average property in the country was valued at over €260,000, the average home in Dublin was priced at nearly €380,000.

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