Rationale for moving from Dublin to commuter counties has never been stronger

Not switching mortgages can cost you: Cautious Irish homeowners have lost out on thousands in savings

“A couple I sold a house to recently, they are living in Clonsilla. They are planning on starting a family, they bought a three-bed semi with a fourth room that they can use as a home office. You wouldn’t have a hope of buying one of those in the city or its suburbs,” says O’Flaherty. The Dublin market actually goes as far as Greystones, Delgany and Bray now. You are pretty much dealing with Dublin prices there

“People would like to live near their work and, perhaps just as importantly, near their families and friends,” said Lyons. A lack of building and the mortgage rules is pushing them out and pushing prices higher outside of Dublin too, he says. Of the 32,695 new homes completed in 2023, close to six in 10 were in Dublin, Kildare, Louth, Meath and Wicklow, according to CSO figures. Of all completions in Dublin in 2023, however, some 71.9 per cent were apartments.

“The Dublin market actually goes as far as Greystones, Delgany and Bray now. You are pretty much dealing with Dublin prices there,” says Forkin.The opening of artisan bakery Scéal in Greystones, with Bread 41 to follow, may indicate that “Dublin” is moving out to service them. Government incentives have been huge in driving buyers towards new builds in Kilcoole, Newtownmountkennedy, Ashford, Rathnew and Wicklow, says Forkin.

“It’s on at €445,000 which is effectively the price minus the €30,000 . You are saying it to people, but they want brand new, they are blinded by having to get the €30,000,” says Forkin.

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