Saturday July 11, 2020

Bullish development land market led by student housing demand

A total of €27 million in sales was completed at Allsop online auctions last week

21st May, 2017
3
Mews at Powerscourt, off Mount Street in Dublin 2

The combination of the Luas line extension and increased student population appears to be boosting demand for Dublin 1 investment properties, as two of them sold for more than the €1 million mark at the Allsop online auctions last week.

One of them at 76 Talbot Street, Dublin 1, sold for €1.01 million or €270,000 above its maximum reserve of €740,000. It generates €81,000 in annual rent, which suggests a gross initial yield of 8.02 per...

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