New DAFT Report Shows Being Close To Luas or DART Adds 6% On Average To House Prices
It also adds 2% to rental prices.
A new report released by DAFT.ie today looks at the correlation between urban rail facilities and the cost of accommodation nearby.
Examining nearly 10 years of housing listings, both for sale and to let, and all the rail stations in the Greater Dublin Area, the study found clear evidence from houses near the DART and Luas lines of higher prices.
The study also identified premium prices for homes near Luas stations on the Green Line but with discounted prices closer to Luas stations by the Red Line.
Most expensive Dart stops (average asking prices)
- Sandymount - €788,000
- Dalkey - €716,000
- Sydney Parade - €716,000
Most expensive Luas Green line stops (average asking prices)
- Cowper - €679,000
- Charlemont - €628,000
- Beechwood - €626,000
Most expensive Luas Red line stops (average asking prices)
- Spencer Dock - €663,000
- Mayor Square - NCI - €542,000
- George's Dock - €464,000
Most expensive Dart stops (average monthly rents)
- Sandymount - €1,908
- Dalkey- €1,856
- Sydney Parade - €1,854
Most expensive Luas Green line stops (average monthly rents)
- Milltown - €1,737
- Cowper - €1,691
- Charlemont - €1,670
Most expensive Luas Red line stops (average monthly rents)
- Spencer Dock - €1,920
- George's Dock - €1,770
- Mayor Square - NCI - €1,749
You can download the full report here.