The overriding feature of 2016 was that despite a year of domestic, European and world political uncertainty the property market has remained solid with house price inflation in South County Dublin at about 6%.

In the spring of 2016 with the continued restricted supply of available property at all levels of the market, prices rose, most notably at the lower end with more modest growth at the upper end. The family home market was very buoyant with 3 to 4 bed homes in mature established areas of Blackrock, Mount Merrion and Booterstown being particularly sought after, a couple of examples:
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25 Glenabbey Road Mount Merrion sold for €860,000.

15 Priory Road, Blackrock sold for €800,000. 

52 Waltham Terrace, Blackrock Sold for €1,463,000.  
 

The immediate impact of Brexit could be felt over the summer months particularly at the top end of the market - €1,500,000 plus. A weakening sterling affecting the buying power of returning Irish expats, while the continued uncertainty of the fall out of Brexit is now a consideration for Domestic buyers seeking to purchase at the top end. The impact has been less pronounced at the middle to lower end.
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At the tail end of 2016 there has been an unseasonal increase in the volume of sales, due in part, to the number of measures introduced to ease lending restrictions for first time buyers which has increased confidence in the market.

Our expectation is that the supply of houses for sale will remain limited and that we will see more loan approved first time buyers eager to purchase in the New Year. House price inflation will remain solid at 4% to 5%.