Luas talk

GRAHAM MURRAY/Estate agent, Dundrum: Luas has stimulated demand and pushed up house prices around here

GRAHAM MURRAY/Estate agent, Dundrum: Luas has stimulated demand and pushed up house prices around here. For example, a three-bedroom house which we at Sherry FitzGerald Dundrum sold for 381,000 last November, I'd have no problem getting 450,000 for it today.

Anyone who bought before Christmas 2003 is looking at a sizeable increase. There's huge demand from first-time buyers, in particular, for former local authority houses in estates like Mulvey Park and St Columbanus, both close to a Luas stop. And we recently got €1m for a largish family style house off the Sandyford Road - that has to be some kind of local record.