The last two years have seen a dramatic reversal in Dublin, with house price soaring. Prices of 2 bedroom terraced houses in Dublin city centre have surged 32.5% over the last year, according to the Daft.ie report. In few parts of Dublin have prices moved up less than 26%, and in some areas the rise was 35%.
The good news is that if you have property in Dublin it should let quickly. There is even something of a mood of panic among students about property availability. Rents have moved up almost in line with prices, so that gross rental yields have remained very good in Dublin.
In Dublin city centre, yields are around 8%. In the so-called Dublin commuter counties, yields are can be over 7.5% for 2 and 3 bedroom properties.