Estate agency Sherry FitzGerald opens its 100th branch

Estate agency Sherry FitzGerald continues to extend its presence on the streets of north Dublin, today announcing the opening of its 100th office. The company says the new Phibsborough branch, prominently located at Doyle’s Corner, has a catchment of “nearly 30,000 chimney pots”. It will cover the areas of Phibsborough, Cabra, Stoneybatter, Arbour Hill, Islandbridge, parts of Smithfield and the Navan Road, which have been within the catchment of the nearby Drumcondra branch for more than 30 years.

The office, with a staff of six people, will be managed by Elizabeth Ryan, who joined the company in 2009 and has been working with the Drumcondra team for the past five years. She will work alongside Martin Doyle, a residential director at Sherry FitzGerald, who has a wide client base in the area and will work between the Phibsborough and Drumcondra offices.

The company says it expects its market share will continue to rise, and that “One of the reasons we are opening here is that we have seen continued growth from existing and new clients requiring our services when it comes to the house selling and buying journey.” It also sees growth in the rental market.

Steven McKenna, CEO of Sherry FitzGerald Group, said, “The opening of our 100th office in Ireland marks a significant milestone for Sherry FitzGerald and further enhances our extensive branch network in Dublin.” As well as Drumcondra, the agency has northside branches at the IFSC, Killester, Swords, Malahide, Sutton, Castleknock, Balbriggan, Skerries and Rush.

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‘Eclectic mix’

Speaking at the branch opening, managing director Marian Finnegan said it was “an acknowledgement of our confidence both in the market and the location. The area hosts an eclectic mix of homes, from beautiful period properties to contemporary houses and apartments. Phibsborough is a thriving village with a large selection of wonderful amenities, fantastic modern restaurants, and traditional pubs. This location is proving to be very popular for all types of buyers from first-time buyers to those seeking a home for a growing family,” she said.

“Housing is very much part of the nation’s daily conversation once again. Unfortunately, like so many areas of the economy, the housing market has also been damaged by the pandemic. The demand/supply imbalance for property was evident long before the onset of Covid-19 and has been exacerbated by the prolonged period of lockdown.”

The company said as of July 2021, there were only 17,100 second-hand properties listed for sale nationwide, a 26 per cent fall in supply compared with July 2019. In Dublin, the total volume of properties advertised for sale represented just 0.8 per cent of the overall total private housing stock, thus highlighting the scale of the shortage in the capital.