Hamilton Osborne King achieved a new record for residential land in Dublin when it fetched £2.6 million for 3.9 acres of land behind Sandford Road in Ranelagh. The price equates to £3.3 million per acre and at that level the homes that will eventually be built on it are likely to cost from £400 per sq ft upwards.

Elsewhere in Dublin 6, however, a tiny parcel of land has sold for a far higher price ratio. Last week Gunne achieved £199,000 for a derelict site of just over 1,100 sq ft at Spire View Lane, to the rear of Rathgar Road in Rathgar. The price equates to a staggering £8 million per acre!