Residential

A €9.39m Merrion Square stunner garners top house price of 2023

Palatial Dublin 2 townhouse bought by Glen Dimplex boss indicates strong competition in a thriving trophy homes market energised by dearth of supply

Paddock Wood on Killiney Hill Road was sold for €8.5 million by Sherry FitzGerald agent Michael Grehan. Picture: Matteo Tuniz

Ireland’s property market is the oddest of creatures. Gripped in the jaws of a housing crisis and bruised by an onslaught of ten successive interest rate hikes over the past year or so, it remains relatively robust, according to the Property Price Register, which revealed a 23.5 per cent increase in transaction values in 2023 compared to last year.

At the high end of the market, a dearth of supply has created strong competition for ...