Three-bed homes near the new Luas cross-city stops in Dublin saw their values increase by 15% over the last year, new research shows.

This compared to a 6% increase in similar homes near other rail stations, the study by property website revealed.

The research showed that commuters living on the Dublin coastline pay on average the most for a property, with homes close to the Sandymount DART averaging €784,000. 

Properties near DART stations are among the most expensive with Lansdowne Road (€737,000), Sydney Parade (€706,000) and Dalkey (€699,000) accounting for four of the top five most expensive stations to live by. 

Meanwhile, homes close to Beechwood on the Luas Green Line saw the highest average asking prices (€727,000).

Those living in the city centre pay most on the Luas Red Line with properties near the Spencer Dock stop averaging €597,000. also analysed the average asking prices for each stop on the new Luas cross-city line, which opened on Saturday. 

Properties close to the new Dawson, Trinity and Westmoreland stops came out on top, with average asking prices of €519,000.

"Convenience and affordability are two key concerns for pretty much everyone who lives and works in Dublin," commented Martin Clancy from