Snapshot of the Dublin property sales market over the last 12 months (Quarter 2 2015 to Quarter 2016). This report looks at the falling number of listings, sales transactions and increase house prices. This report break down and identifies the most and least popular regions in Dublin for purchasing.

1. 1
Dublin sales report quarter 2 2016 snapshot review
Quarter2 2016 saw notonlya decline insalestransactionsbutalsototal investment,transactions
droppedfrom4,115 in Quarter2 2015 to 2798 thisyear Quarter 2. The total salesvalue hadreduced
from1.4 billionto1.1 billion Euroasa result.All of the regions,inthe expectationof CountyDublin
exhibited adecliningnumberof transactionsfrom2015 to 2016 Quarter 2. The regionsthatsaw the
biggestdropswere:
Dublin8 – 253 to 124 transactions
Dublin6- 200 to 108 transactions
Dublin13- 163 to 101 transactions
Area Transactions 2015 Transactions 2016
CountyDublin 147 212
NorthCountyDublin 373 257
Dublin1 116 92
Dublin2 64 35
Dublin3 136 73
Dublin4 179 120
Dublin5 83 60
Dublin6 200 108
Dublin6W 55 52
Dublin7 161 125
Dublin8 253 124
Dublin9 199 127
Dublin10 39 24
Dublin11 154 90
Dublin12 130 112
0
50
100
150
200
250
300
350
400
Transactions Q2 2015 to2016
Transactions 2015 Transactions 2016

2. 2
Dublin13 163 101
Dublin14 123 86
Dublin15 326 283
Dublin16 120 117
Dublin17 190 124
Dublin18 212 186
Dublin20 26 12
Dublin22 84 51
Dublin24 284 219
Area Numberof Transactions Quarter 1 2016
D15 396
D4 386
D18 217
D24 170
D7 165
D9 150
D16 148
D12 143
D14 141
D13 140
D8 140
D6 131
D3 120
D11 113
D1 105
D5 104
D2 92
D22 64
D20 34
D10 32
D17 31
Above you will findtablesbreakingdown2015 Quarter2, 2016 Quarter 2 andQuarter 1 2016 sales
transactions.The above tablesdepictthatthe mostpopularDublin regions continuestoremain
Dublin15, Dublin24 and Dublin8 (373 and 257, 326 and 283, 284 and 219 transactions) whilst
Dublin20 and Dublin10’s 12 monthtransactionperformance isamongstthe leastpopularfor
purchasinghomes (26 and 12 and 24 and 39 transactions). InQuarter 1 of thisyearDublin15,
Dublin4 and Dublin18 (396,386,217 transactions) ledthe way withstrongestsalesactivity,In
contrast to this Dublin17, 10 and 20 (31, 32 and 34 transactions) were the lowestperforming
regions. Transactional figuresacrossthe boardfromQuarter 1 toQuarter 2 have followeda
downwardtrendfrom3022 to 2798 transactions,thisQuarter12 monthsago reported 4115
transactions.All of the topthree performersintermsof salestransactions forQuarter1 2016, saw a

3. 3
drop off.Dublin4and Dublin15 both experiencedalarge dropoff as transactionswentfrom 386 to
120 and396 to 283 (Dublin18 onlyreported a small reductionof 217 to 186).
Area Total Value 2015 (millions) Total Value 2016 (millions)
CountyDublin 175.46 119.52
NorthCounty
Dublin 123.35 79.87
Dublin4 103.53 130.15
Dublin18 100.4 84.29
Dublin6 96.45 79.71
Dublin15 95.84 85.52
Dublin14 86.35 48.79
Dublin24 63.4 59.88
Dublin9 56.82 48.13
Dublin8 56.15 30.69
Dublin13 50.54 36.3
Dublin3 49.28 28.5
Dublin17 45.81 32.79
Dublin16 45.47 44.93
Dublin7 45.13 42.91
Dublin12 43.66 31.01
Dublin11 29.4 19.11
Dublin6W 29.01 24.78
Dublin5 26.3 20.72
Dublin2 26.22 14.01
Dublin1 22.08 27.87
Dublin22 15.2 10.95
Dublin20 6.41 3.18
Dublin10 5.34 3.09

4. 4
OnlyDublin1 overthe last12 monthshasseena growthin salesactivities(22.08 to 27.87
millionEuro) despite recordinglowersalesfiguresthanQuarter1 2016 (40.76 millionEuro) Dublin
16 had almostequalleditsperformance with45.47 and 44.93 millionEuro.The Dublinregionsthat
didn’tfare as well were:
Dublin14- 86.35 millionto 48.79 millionEuro
Dublin3- 49.2 millionto 28.5 millionEuro
Dublin2- 26.2 millionto 14 million Euro
As previouslystatedthe total salesvalueoverthe last12 monthshas reducedfrom1.4
BillionEuroto1.1 BillionEuro.Whilst the Numberof transactionshadreduced,the average sale
price perhouse had increasedfrom348,932 to405,690 Euro (The average price increase perregion
being38,994 Euro) in part due to price growthsinareas such:
North County Dublin- 251,241 to 320,776 Euro
Dublin1- 193,760 to 309,692 Euro
Dublin4- 584,935 to 1,008,000 Euro
Dublin5- 487,152 to 744,973 Euro
Opposite tothis,five Dublinregionsexperiencedadropin price overthe last12 months:
Area Total Sales (millions) Quarter1 2016
D4 187.88
D15 121.67
D18 111.95
D24 110.55
D6 86.4
D14 73.7
D16 59.94
D13 52.68
D3 49.54
D9 48.38
D7 42.67
D1 40.76
D8 38.94
D12 37.24
D5 34.57
D2 28.7
D11 24.35
D22 13.26
D20 7.32
D17 5.9
D10 4.33

5. 5
Dublin2- 409,689 to 400,013 Euro
Dublin10- 157,318 to 147,571 Euro
Dublin12- 346,575 to 281,945 Euro
Dublin14- 719,623 to 567,407 Euro
Dublin18- 494,616 to 460,608 Euro
Regionssuchas CountyDublin (569,680 to 574,636 Euro), Dublin15 (301,387 to 309,859
Euro) and Dublin17 (255,926 to 268,826 Euro) showed small butstable growthintheiraverage
price persale.
The stock shortage has long plagued the property market and this has not been addressed
leadingtoQuarter 1 2016 havingthe lowest level of stock for the last 9 years (24,000 properties for
sale and 3,600 for rental country wide) Priorto the nine yearlow,the propertiesfor sale amounted
to 60,000 and rental properties around 16,000. Most recently is was predicted that there was only
27 housesforsale per person 1000 people in Dublin, compared to 62 outside of the Capital. Dublin
alone needs 35,433 residential units to be built between 2014 and 2018 to house its growing
Area Average sales Price 2015 (Thousands)
Average Sales Price 2016
(Thousands)
CountyDublin 569,680 574,636
NorthCountyDublin 251,241 320,776
Dublin1 193,760 309,692
Dublin2 409,689 400,013
Dublin3 367,830 401,414
Dublin4 584,935 1,008,000
Dublin5 328,801 345,340
Dublin6 487,152 744,973
Dublin6W 527,497 505,745
Dublin7 293,087 348,890
Dublin8 228,290 255,762
Dublin9 289,919 379,048
Dublin10 157,318 147,571
Dublin11 197,329 224,871
Dublin12 346,575 281,948
Dublin13 328,246 363,084
Dublin14 719,623 567,407
Dublin15 301,387 309,859
Dublin 16 385,362 404,855
Dublin17 255,926 268,826
Dublin18 494,616 460,608
Dublin20 246,911 265,313
Dublin22 185,466 223,573
Dublin24 228,884 281,154

6. 6
population trends. Last year only 11,000 new residential units were completed nationwide with
8,300 the year before that (the target is 25,000 each year) Construction Output in Ireland has been
on the rise since 2011 posting 9.48 billion Euro 2014, 12.55 billion Euro 2015 and projected to be 15
billionEurobythe end of the year. Daft.ie as of the beginning of August had 3545 properties listed
for sale and 1344 for rental.
Area SalesListings Q2 2016 Rental ListingsQ2 2016
CountyDublin 571 245
NorthCounty
Dublin 630 88
Dublin1 95 100
Dublin2 112 50
Dublin3 93 32
Dublin4 132 165
Dublin5 101 17
Dublin6 82 95
Dublin6W 43 21
Dublin7 161 37
Dublin8 122 87
Dublin9 181 47
Dublin10 3 21
Dublin11 163 13
Dublin12 105 30
Dublin13 116 21
Dublin14 96 52
Dublin15 257 41
Dublin16 79 16
Dublin17 15 3
Dublin18 179 102
Dublin20 38 16
Dublin22 62 15
Dublin24 109 30
Dublin15, Dublin9 and Dublin18 (257, 181 and 179 listings) hadthe mostsaleslistings in
Quarter2 2016, bothDublin15 andDublin18 saw theirsaleslistingsreducedfromQuarter1 2016
figures(391 and 204 listings). Onthe opposite endof the scale,Dublin10, Dublin17 and Dublin20
had the leastsaleslistings(3,15 and 38 listings).Thismirrored asimilarperformance inQuarter1
2016 with21, 23 and 34. The largestincrease inavailablesalestransactionswasDublin2,previously
havingmore rental thensaleslistings(38and 121) to112 and 50. Many of the Dublinregionshad
experienceddeclinesfromthe startof the year to the endof Quarter 2 in available salesandrental
listings,twoexamplesof thisbeing:
Dublin14 139 to 96 saleslistings

7. 7
Dublin13 159 to 116 saleslistings
In termsof the listedrental properties, once againDublin18was amongstthe top three
performerslike Quarter12016 (92 to 102 listings) Dublin4 andCountyDublin occupied the
remainingtwoplaces(141 to 165 and 245 listings) Dublin10despite averylimited amountof rental
propertiesincreasedfrom3to 21, similartothat of Dublin20 (6 to 16 listings).
Conclusion
In conclusion, it is coming ever increasingly apparent that the delays in building new
residential units has led to house prices continuing to increase (average sales price increase of
38,994 Euro nationwide) Sales figures have declined over the last 12 months, in line with the
numberof salestransactions.All of the Dublinregions have seen a reduction in their sales numbers
from not only 12 month prior but also Quarter 1 2016 (expect for Dublin 1)
The numberof listingshasbeenonthe declineforanumberof years,asa nine year low was
realised for both sales and rental properties (60,000 to 24,000 sales listings and 13,000 to 3,600
rental listings) sales transactions over the last 12 months have followed a similar trend going from
4117 to 2779 in Quarter 2. Five regions in Dublin displayed a decrease in the average sales price
from Quarter 2 2015 to Quarter 2016, these were Dublin 18 (494,616 to 460,608 Euro), Dublin 12
(346,578 to 281,948 Euro), Dublin 2 (409,689 to 400,013 Euro), Dublin 6W (527,497 to 505,745
Euro) and Dublin 10 (157,318 to 147,571 Euro). These prices decreases were off-set by large price
increases in Dublin 1 (193,760 to 309,692 Euro), Dublin 4 (584,935 to 1,008,000 Euro) and Dublin 6
(487,952 to 744,973 Euro) All the areas experiencingthe largerprice increasesare located eithercity
based or just on the outskirts. In contrast to this the regions with dipping prices were mostly in
suburbs outside of the city.
Suburban livinghasbecome more popularcomparedto livinginthe city,especiallyasDublin
1, 2 and 4 combined to make up 359 transactions in Quarter 1 2016 reducing to 247 by the end of
Quarter 2 2016. Transactions across Dublin 1, Dublin 2 and Dublin 4 collectively made up 749 sales
and rental listings,with Dublin15and 18 alone totalling579transactions. The Dublinregionslocated
inthe citycentre and the close outskirts(Dublin1,Dublin2, Dublin4 andDublin6) have more rental
than saleslistings(410to 321 listings) whereasthe popularsuburbssuchasDublin 18, Dublin 15 and
Dublin 13 has the reverse (552 to 164 listings). The average price as mentioned in the above
paragraph is a main driver to for this trend, plus more new residential units are being delivered
outside of the city(example of thisbeing new residential developmentsin Adamstown, Cherrywood
and Belarmine). Presently, the CIS reports that there are 1,073 applications in the planning
submittedstage,1,073 for planninggrantedandonly 49 on site. The lack of new residential units in
the city centre hasbeen a main culprit for the larger price increases reducing the proportion of the
market with the funds or credit lines to purchase there, making more people willing or forced to
commute to work than in the past.

8. 8
Produced by Matthew Scott
Senior Commercial Sales Manager
Mobile: 0874641388
Email: matthew@4pm.ie
Sources:
Daft.ie
The Residential Price Register
www.CISIreland.com