New homes in Dún Laoghaire-Rathdown

While it is the most expensive area in the capital to buy a home, there are options for first-time buyers

While prices are falling in Dun Laoghaire-Rathdown, it still has  the highest average price of home in the country. Photograph:  Eric Luke/The Irish Times

While prices are falling in Dun Laoghaire-Rathdown, it still has the highest average price of home in the country. Photograph: Eric Luke/The Irish Times

 

While the latest figures from the CSO shows that Dublin house prices decreased by 0.7 per cent in the year to last November, the fall was far more pronounced in Dún Laoghaire-Rathdown at 6.3 per cent.

As much as that drop in prices will be welcomed by those looking to buy a home in the south Dublin borough, it is still the most expensive location in the capital: the average price of a home in the area is €600,335, with the median at €527,000. In comparison, the average price across Dublin stands at €438,729, with the median value €370,000.

However, there are still some more affordable options available to first-time buyers among the 34 new-home schemes being marketed  this spring. Developer Michael Cotter’s Park Developments, for instance, is offering two-bed apartments from €295,000 at the latest phase of its successful Clay Park scheme in Leopardstown. In Rathfarnham, meanwhile, Ardstone Homes has the final phase of three, four and five-bed houses at White Pines for sale at starting prices of €445,000.

First-time buyers with slightly-deeper pockets and those trading up will be interested in the 25 three and four-bed houses developer Michael O’Flynn’s O’Flynn Group has brought to the market at Beechpark, Cabinteely. The prices here begin at €535,000.

Prospective downsizers in nearby Foxrock might like to cast an eye over the apartments, and three, four and five-bed houses being launched by Castlethorn at its Brighton Wood development on Brighton Road. Prices at the scheme begin at €725,000.


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