Home buyers in Dublin are now paying a premium of over €100,000 to live near DART stations and Luas stops, according to the latest research from Daft.ie.
It shows that in the first quarter of 2018 house prices close to DART stations and Luas stops rose 4% to an average of €492,000, which is €114,000, or 26%, more than the average Dublin asking price.
Commuters on the south Dublin coastline pay on average the most for a property close to a DART station, with prices averaging €625,000.
The Daft.ie research analysed the average asking prices for two and three-bedroom properties close to each of the 125 stops and stations in the Greater Dublin area.
Commenting on the figures, Trinity College Dublin economist Ronan Lyons said: "The price of housing reflects not only the dwelling itself but also a wide range of nearby amenities.
"An obvious example is access to good transport facilities and, as this report shows, those looking for a new home reward properties with good transport links."
Buyers are paying on average €115,000 extra to live by the Luas and Dart 🚉
— Daft.ie (@daftmedia) May 22, 2018
Discover the average house price by your stop in our new maps 📍
👉https://t.co/G5PKYtdW6x pic.twitter.com/GfT9Swbf43
Most expensive (All Stations)
Sandymount €796k
Lansdowne Road €765k
Sydney Parade €761k
Beechwood €752k
Blackrock €734k
Most expensive (Luas Green Line)
Beechwood €752k
Ranelagh €725k
Charlemont €683k
Cowper €636k
Milltown €613k
Most expensive (Luas Red Line)
Spencer Dock €633k
Mayor Square-NCI €567k
Jervis €532k
George’s Dock €527k
The Point €479k
Most expensive (DART)
Sandymount €796k
Lansdowne Road €765k
Sydney Parade €761k
Blackrock €734k
Dalkey €727k
