64% of people in Ireland interested in a service which can predict when you may be getting sick – Core Research’s Health 2020 report


  • Health conscious consumers now moving towards a flexitarian diet and eating less meat
  • 38% of Irish people exercise at least once a week and monitor their diet, while 17% do this on a daily basis
  • 15% don’t exercise or monitor their diet

Nearly two thirds of Irish people (64%) are interested in a service which can predict when you may be getting sick, based on your personal data. This is according to Core’s Health 2020 report, compiled by Ireland’s largest marketing communications company, and based on the views of 1,000 participants discussing three key areas – fitness, nutrition and well-being.

The Core Health 2020 report focuses on five key health segments, asking interviewees about the extent to which they maintain a healthy lifestyle. These are as follows:

  • Active Foodies (38% of all adults) – exercise at least once a week and monitors food diet
  • Active Non-Foodies (18% of all adults) – exercise at least once a week but don’t monitor diet
  • Active + Foodies (17% of all adults) – exercise daily and monitors food diet
  • Inactive Foodies (12% of all adults) – do not exercise but monitors food diet
  • Resters (15% of all adults) – do not exercise and do not monitor diet

The research has revealed that when it comes to health tech, despite concerns around the management of their personal data, 64% said they were interested in technology that tracks mood and predicts illness, while a further 70% said they were interested in events or spaces which would help improve mental wellbeing.

Eating better and exercising was a key priority for the Active + Foodies segment, with 60% intending to reduce their meat consumption this year. This was coupled with physical and mental health, as the research found 70% were interested in wearable technology that tracks physical exercise and also measures their personal health including their mood and nutrients needed to maintain a healthy diet.

While all five cohorts ranked mental wellbeing high in importance, 70% of Active + Foodies said they were the most likely to focus on their mental health as much as their physical health. The research showed that this group was also the most likely to actively manage this aspect of their health by keeping a diary, listening to podcasts or reading content about mental health while also engaging in stress management techniques such as breathing exercises.

Only 36% of Resters, a group with less time for themselves due to family commitments, makes them the cohort that pays the least attention to their mental wellbeing, while stress was the main emotion experienced this year (39%). With a lack of exercise and poor diet, the research revealed that this group possessed a fragile mental state, so it is understandable that they are more likely to want to speak with a therapist or counsellor in 2020.

Inactive Foodies, a group more likely to be older Mums with teenagers, was the most likely to cook from scratch and order the least amount of takeaway than all other categories. That said, just 6 in 10 considered themselves healthy which is the second lowest after Resters. The main priority for this group is dietary as they aim to reduce their intake of meat, salt and sugar in 2020 while only 3 in 10 intend to start walking more for exercise in 2020.

Andrew McCormack, Research Executive at Core, says: “These findings demonstrate that consumers are becoming more health-conscious regarding their diet and exercise with a clear correlation between improved mental health and physical activity. By providing a more moderate approach to diet and exercise, brands can encourage consumers to re-focus their outlook on wellness, nutrition and exercise and provide accessible ways to manage these aspects of health.”

Core Research is part of Core. Core employs a team of 310 people and consists of nine practices – Creative, Data, Investment, Learning, Media (comprising of Mediaworks, Spark Foundry, Starcom and Zenith), Recruitment, Research, Sponsorship and Strategy. Core has been voted Agency Network of the Year for the last six years at the Media Awards and the company was also recently voted one of the top workplaces in Ireland by the Great Place to Work Institute for the tenth year running.

To view the full findings of the Core Health 2020 report please click here:

‘Overcoming’ by Vicky Phelan named as the An Post Irish Book of the Year 2019

‘Overcoming’ by Vicky Phelan and Naomi Linehan, a book written about truth and bravery through Vicky’s remarkable personal story, has been voted the ‘An Post Irish Book of the Year 2019’

The ‘An Post Irish Book of the Year 2019’ was chosen by a public vote from the list of category winners announced at the recent An Post Irish Book Awards. Previous winners of this esteemed award include ‘Notes to Self’ by Emilie Pine, ‘Atlas of the Irish Revolution’ by John Crowley, Donal Ó Drisceoil, Mike Murphy and Dr. John Borgonovo, ‘Solar Bones’ by Mike McCormack, ‘Asking for it’ by Louise O’Neill, ‘Academy Street’ by Mary Costello, ‘Staring at Lakes’ by Michael Harding, ‘The Spinning Heart’ by Donal Ryan and ‘Solace’ by Belinda McKeon.

Published by Hachette Books Ireland, ‘Overcoming’ tells the story of one of the biggest medical and political scandals of our times – Vicky and 220 other women who were diagnosed with cervical cancer were not informed with the crucial information that a clinical audit had revised their earlier, negative smear tests in which their cancers could possibly have been preventable.

Since then, Vicky has become women’s voice for justice on the issue due to her system-changing activism. From a life-threatening accident in early adulthood through to motherhood, a battle with depression, her devastating later discovery that her cancer had returned in shocking circumstance and the enduring detective-like scrutiny of events that led the charge for her history-making legal action, ‘Overcoming’ is an inspiring story of rare resilience and power.

Vicky Phelan, Winner of the ‘An Post Irish Book of the Year’ says:

“I’m truly honoured that my book Overcoming has been voted An Post Book of the Year. I could not have done this without my wonderful ghostwriter, Naomi Linehan, who brought life to my story on the page in a way that I did not think was possible. To my publisher, Hachette, thank you for taking a chance on me and to all the booksellers, thank you for championing my book. Finally, a huge thank you to the public, for whom I wrote this book, who supported and voted for me.”

Maria Dickenson, Chairperson of the An Post Irish Book Awards, says:

“The entire book trade rose to its feet for a lengthy and moving standing ovation when Overcoming
won the RTE Listener’s Choice award at the An Post Irish Book Awards. Vicky is an absolute
inspiration and a powerful advocate for Irish women, and along with Naomi Linehan she has written a
book that perfectly expresses her strength, her warmth and her legacy. A thoroughly deserving Book
of the Year.”

David McRedmond, CEO of An Post, says:

“We are delighted that Vicky Phelan is the recipient of the An Post Book of the Year 2019 award for her autobiography ‘Overcoming’. Readers have a unique relationship with writers but especially so with Vicky because of her personal courage in telling her story. As this award is a public vote, this truly demonstrates just how much Vicky’s story resonated with readers across the country.”

The An Post Irish Book Awards celebrate and promote Irish writing to the widest range of readers possible. Each year it brings together a huge community passionate about books – readers, authors, booksellers, publishers and librarians – to recognise the very best of Irish writing talent.

The initiative consists of a range of categories including Novel of the Year, Children’s, Cookery, Crime Fiction, Popular Fiction, Nonfiction, Sports, Irish Language, Short Story, Poetry and Teen and Young Adult. A one-hour highlight television programme featuring the An Post Irish Book Awards is broadcast on RTÉ One every year.

The ‘An Post Irish Book of the Year’ public vote was sponsored by National Book Tokens.

For further information, please log on to the An Post Irish Book Awards website or social media channels:

anpostirishbookawards.ie

Facebook: @AnPostIBAS

Instagram: @anpost_irishbookawards

Twitter: @AnPostIBAS

#APIBAS

#ReadersWanted

‘The Strokecast’ launches to help stroke survivors and their families understand, cope with and adjust to life after a stroke

  • New podcast presented by broadcaster and stroke survivor Gerry Stevens features interviews with other survivors and the medical professionals that worked with them through their recovery
  • Interviews offer a compelling insight into what happens when a stroke hits and the recovery process involved
  • 23-year-old MMA fighter, a pregnant woman already dealing with cancer and a traffic accident victim are among those telling their stories on The Strokecast

‘The Strokecast’, a new podcast hosted by former broadcaster Gerry Stevens, has launched to help survivors of stroke and their families understand, cope with and adjust to life after stroke.

Gerry speaks with fellow stroke survivors, who take us through their lives before the stroke, the event itself, and their recovery and rehabilitation process. He also speaks with the expert medical professionals – doctors, physios and cognitive experts – who worked each of the survivors in hospital and throughout their recovery.

The first of nine episodes is available here: https://soundcloud.com/strokecastgerrystevens

Gerry worked as a radio presenter and producer for over 30 years before himself suffering a stroke in 2017, caused by high blood pressure. He spent four months in hospital and underwent a further 18 months of physiotherapy on his arm and hand.

Drawing on his own experiences and those of his guests, The Strokecast gives a compelling insight into what it’s like to suffer a stroke, the long-term physical and mental effects, and best practice and advice during recovery.

Guests on the show include:

  • Aaron Reilly – A jujitsu, K1 kickboxing champion and MMA fighter, Aaron was just 23 years old when he suffered a stroke and had a stent fitted to address a blood clot a year later.
  • Grainne McCann – A mother of three young children, Grainne suffered a stroke in March 2015 caused by a clot in her neck, all while pregnant and undergoing treatment for cancer at the time.
  • Siobhan Leonard – Siobhan was involved in a head-on traffic collision that left her with a broken neck and other serious injuries. After ten hours of surgery she then suffered a stroke, and shares her journey to recovery and dealing with physical and mental issues.
  • Majella Cassidy – Majella is an occupational therapist who deals with stroke patients every day. After suffering a stroke caused by a blood clot, she underwent a thrombectomy to remove it while still conscious and only minutes from death, and gives her perspective as both a medical expert and stroke survivor.
  • Shane Kelly – Shane suffered two strokes in the space of three months, losing the sight in his left eye as a result of the second. He gives an honest reflection on the impact this had on his young family and work, and how he coped with suffered a second stroke so soon after the first.
  • Dr. Zul Kalil – Senior Hospital Registrar at Our Lady of Lourdes Hospital, Drogheda.
  • Fiona Connaughton – Senior Clinical Nurse specialising in stroke at Our Lady of Lourdes Hospital, Drogheda.
  • Dr. Niamh Rowe – Cognitive Rehabilitation Expert with over 17 years’ experience in brain injury recovery and support.

Gerry Stevens, host of The Strokecast, said: “I’d been leading an active and busy life as a radio host and managing a band, but one evening I felt unwell, and when I turned to my partner she could see that one side of my face had completely dropped. Fortunately, I was able to receive treatment relatively quickly, but after suffering a stroke my life was changed forever.”

“I hope that the stories and experiences shared by my guests will help others understand that stroke can affect anyone – no matter their age or other circumstances. The podcast also gives a vivid understanding of what stroke survivors go through, and give hope to those on the road to recovery that they’re not alone in what they’re experiencing.”

The Strokecast was created and is produced by Unique Media, and the episodes will be available here https://soundcloud.com/strokecastgerrystevens

Christmas FM raises €412,021 for Barretstown to ‘press play’ on over 1,400 days of life changing programmes for seriously ill children

Radio station has raised almost €2.25 million for various charities
since its inception in 2008


Christmas FM, the popular radio station that is seen by many as the official soundtrack to the festive season, is delighted to announce that it has raised €412,021 for Barretstown, their chosen charity for 2019.

The original goal to raise funds of €250,000 would have allowed Barretstown to ‘press play’ on over 850 days of life changing programmes for seriously ill children. However due to tremendous support, Christmas FM have surpassed targets and can now ‘press play’ on over 1,400 days at Barretstown Castle in Co. Kildare. Through these specially-designed camps and programmes, Barretstown brings back the fun of childhood by helping children affected by serious illness to ‘press play’ on childhood again.

The services provided to all of the children and families who attend Barretstown are entirely free of charge, so donations and fundraising efforts are vital for the charity to help more children to experience the magic of Barretstown each year.

The 2019 fundraising figure brings to almost €2.25 million the total amount of funds the radio station has raised for a range of charities since its inception in 2008. The costs of running Christmas FM are covered by various sponsors, ensuring that all on-air fundraising and donations go directly to the charity partner. The station is run each year by the team and more than 100 volunteers on-air, who devote hundreds of hours of their time.

Paul Shepherd, Co-founder of Christmas FM, says: “We are delighted to have raised €412,021 with the success of this year’s fundraising campaign. We would like to thank all of our loyal listeners who tuned in and donated so generously to Barretstown this year. We’re also thankful to the Broadcasting Authority of Ireland for granting us the license to broadcast and our premier FM sponsors for the year – Cadbury, Coca-Cola and An Post. We would also like to thank the Ballsbridge Hotel who have, once again, provided us with a home for our radio studio. We are also so grateful to the team as well as the volunteers who help make Christmas FM happen by assisting with the day to day running of the station.”

Dee Ahearn, CEO, Barretstown says: “This is a fantastic achievement and we are overwhelmed by the generosity and support shown to Barretstown by individuals, businesses and communities across the country over the course of the campaign. I would like to thank the team in Christmas FM for choosing us to be part of this very special campaign. Special thanks also to the Christmas FM volunteers who worked tirelessly to surpass our target and I’d like to acknowledge our Barretstown campers and families who shared their stories so eloquently throughout the whole campaign.”

The Broadcasting Authority of Ireland (BAI) grants Christmas FM a 30-day temporary sound broadcasting license, which enables the station to broadcast on a range of frequencies throughout the country.

Michael O’Keeffe, Chief Executive, the Broadcasting Authority of Ireland, says: “Radio is a powerful medium, which continues to bring people together throughout the country, and this can very clearly be seen through the fundraising efforts of Christmas FM. On behalf of the BAI, I would like to congratulate the station’s volunteers and listeners for another great fundraising drive, this year for the children who attend Barretstown, and their families.”

This year, Christmas FM was generously sponsored by the premier FM sponsors Cadbury, Coca-Cola and An Post. Christmas FM was broadcast from the Ballsbridge Hotel, Dublin who kindly gave the space for free.

Christmas FM is still available online at

www.christmasfm.com

You can follow the station on social at

@christmasfm

Estate agents expect national property values to rise by 3.8% in 2020 – more than double the rate forecast for Dublin

  • Most affordable homes are located in Leitrim, Longford and Sligo where 3-bed semis can be bought for as little as €90,000
  • Border towns showed the highest rise in median prices during 2019 (up 10.1%)
  • Huge disparity across the country with the equivalent three-bedroom property costing €450,000 in places like Greystones, Co Wicklow and €330,000 in Ashbourne, Co Meath

Estate agents are signalling a solid year for national property prices with values outside of Dublin rising at twice the rate of those in the capital, according to the 2020 Sunday Times National Property Price Guide, a dedicated 32-page supplement that will be published free with The Sunday Times Sunday, 12 January. Its findings indicate estate agents are also cautiously optimistic about house prices in the year ahead.

Now in its 17th year, The Sunday Times Property Price Guide is the authoritative guide to the Irish property market, featuring interviews with a number of estate agents nationwide, who outline their predictions for the year ahead.

This year’s guide indicates that estate agents expect average prices to rise by 3.8% across the 25 counties – more than double the 1.6% increase expected in Dublin.

The most affordable three-bedroom semi-detached homes can be found in Ballymote and Tubbercurry in Co Sligo, where they cost, on average, between €90,000 and €100,000. This is followed by Mohill in Leitrim and Castlerea in Roscommon where three-bedroom semis cost €100,000 and €105,000 respectively. 

In stark contrast, someone buying the equivalent property in Greystones, Co Wicklow is looking at paying €450,000. The same property would cost around €330,000 in Blackrock, Co Cork, up to €310,000 in Killarney, Co Kerry, €320,000 in Wicklow town and €330,000 in Ashbourne, Co Meath.

Linda Daly, editor of the National Property Price Guide, says: “Property prices nationally are still some way off their 2007 peak but first-time buyers will welcome a slowdown in the high rate of inflation that we have seen in previous years. On the other hand, homeowners – especially those whose homes are still worth less than what they paid for them in the boom – will take heart in the fact that the majority of agents nationally are predicting some rise in values in 2020.”

“The Sunday Times National Property Guide gives a detailed insight into the trends affecting house prices throughout the country, and should be invaluable to anyone looking to buy a home in 2020.”

One phenomenon few commentators could have seen coming is the fact Border towns experienced the largest rise in median house prices (up 10.1% last year, according to CSO figures).

The amount of new development also increased with Cork, Meath, Limerick, Wicklow and Kildare featuring large-scale developments. Availability of new homes was a welcome relief for people looking to escape the rent trap but also put a downward pressure on the second-hand market as buyers sought A-rated homes featuring all mod cons.

In areas like Donegal, Sligo, Leitrim and Roscommon, house prices are still below the level where developers can make a profit so there is extra emphasis on the second-hand market to make up the shortfall.

With Brexit moving closer to conclusion, the uncertainty that has plagued the market over the last three years could soon give way to clarity. Central Bank mortgage lending rules have brought stability to the market and initiatives like the Help to Buy have kept activity levels ticking along.

For the complete National Property Price Guide, pick up a copy of The Sunday Times this weekend or online at: www.thetimes.ie.

www.thetimes.ie

@SunTimesIreland

If using this information please credit The Sunday Times

To interview Linda Daly, Editor of

The Sunday Times Dublin Property Price Guide, please contact

Clodagh Foley at Unique Media on 01 522 5200 or 085 865 8019

Email: clodaghfoley@uniquemedia.ie

Or contact Linda Daly direct on 087 26 55100

Residential prices in Dublin will grow by maximum of 5% while new ‘Near Zero Energy Buildings’ regulations will significantly impact construction costs according to Lisney Outlook 2020

  • Investment market turnover grew by 18% in 2019 and will remain strong in 2020, with tech sector continuing to dominate the office market
  • Trend in increased enquiries from UK based buyers for upper end of the residential market expected to continue into 2020
  • Sustainability agenda is forcing industry to adapt quickly

Uncertainty stemming from global events will be the key aspect of the Irish property investment market in 2020, according to new figures released today by Lisney, Ireland’s largest independently-owned property advisory company.

Despite this, Lisney expects investment market turnover to be strong in 2020, with several high-profile assets due to be put up for sale that will contribute to overall turnover levels. This activity will be mainly driven by the office and PRS sectors, which will account for at least 70% of market turnover.

This activity will follow a very strong 2019, where investment turnover is estimated at €4.7 billion, the largest amount of investment ever recorded in a year, and 18% more than 2018. This €4.7bn does not include the company sale of Green REIT, which was an additional €1.34bn. Lot sizes increased further due to the sale of some large assets, averaging about €23m per transaction, with demand for the bigger opportunities coming mainly from overseas. Dublin accounted for 82% of investment turnover, followed by Cork at 5%.

In other sectors, Lisney expects residential prices to be relatively steady in 2020, with any growth in selected areas to be no more than 5%. New Near Zero Energy Buildings (NZEB) regulations will increase construction costs on residential properties by between 1% and 4%, while a trend in increased enquiries from UK based buyers for the upper end of the market is expected to continue into 2020.

On the office front, occupiers from the tech industry continue to dominate the market, taking half of all accommodation in 2019 and this trend is set to continue into 2020. Elsewhere, nearly 6,000 student accommodation bed spaces are currently under construction across Dublin, Cork, Galway and Kildare while Cork’s top headline office rent, at €345 per square metre, is more than half the top Dublin rate.

A breakdown of the key sectors is outlined below, with full in-depth details contained in the Lisney Outlook 2020 report, which can be accessed here – http://lisneyoutlook.ie/

NEAR ZERO ENERGY BUILDINGS (NZEB):

The new Near Zero Energy Buildings (NZEB) regulations mean that all new building completions and those having undergone major renovations must meet a certain standard by 31st December 2020. Government figures suggest that the construction cost of commercial buildings will increase by between 2% and 8%. With regard to residential properties, the projected increased construction costs will be between 1% and 4%.

RESIDENTIAL:

The number of second-hand properties for sale on the Dublin market grew during Spring 2019, with over 30% more properties available for sale in March compared with the previous 12 months. This, combined with the quantity of new homes on the market, helped to ease supply tensions in the first half of 2019. Maintaining second-hand supply at around 5,000 units across Dublin at any given time also assisted in keeping prices relatively steady. This improvement in activity is expected to continue into 2020 as vendors price expectations and the amount potential purchasers are willing to pay are more balanced. Spring 2020 could see a burst of activity and Lisney expects prices to be relatively steady, with any growth in selected areas to be no more than 5%.

At the upper end of the market, there was a noticeable increase in enquiries from UK-based buyers in the final two months of 2019, and this is a trend that could develop into a greater number of sales in the more expensive parts of Dublin in 2020.

OFFICES:

2020 will be another good year for the Dublin office market with take-up likely to be at a similar level to 2019, estimated at 250,000 square metres. The biggest risk to the office market in the short-term is an external macro-economic event. Over-valuations of second-tier tech companies could also pose a risk to demand, given the Dublin market is now so dependent on such occupiers.

As has been the case for several years, occupiers from the tech industry continue to dominate the market, taking half of all accommodation in 2019 and they are likely to be strong players again in 2020.

STUDENT ACCOMODATION:

There will be continued expansion of stock levels in the Purpose-Built Student Accommodation sector in 2020, with a greater reliance on summer income to justify new development. 1,700 bed spaces completed construction in 2019, all of which were in Dublin. The outlook for 2020 and beyond remains positive with over 5,800 beds under construction across Dublin, Cork, Galway and Kildare. There are also a further 10,180 beds spaces that are either with planning or in the planning system that have not yet commenced construction.

SUSTAINABILITY:

There is now a global movement focusing on the moral obligations of organisations and their environmental responsibilities. The built environment is not immune to this and must adapt. Heretofore, sustainable changes in the industry have generally been forced on occupiers and developers through building regulations. However, the pace of this movement is rapid and for the first-time, people power may force changes ahead of the legislative process. Investors focusing on environment, social and governance (ESG) criteria are more prevalent, as are building performance measures such as Leadership in Energy and Environmental Design (LEED) and the WELL building standard in the office sector.

LICENSED PREMISES:

The outlook for the Dublin licenses premises market in 2020 is positive, following a strong demand for pubs in 2019. A notable trend was the fact that higher value, well-located prime Dublin pubs were sold. The combined achieved prices of the 14 premises totalled €51.3m, compared to €23.4m in 2018. While Lisney don’t expect to see as many prime assets to come to the market in 2020, they do anticipate a similar number of properties will trade hands in the sub-€2m price bracket.

CORK:

In Cork, the estimated market turnover was about €240m in 2019 and represented about 5% of the Irish market, making it the second busiest location for property investment. The demand for investment properties in Cork will continue in 2020 as the yields on offer are more enticing than Dublin returns. The PRS sector is also likely to be busy.

Cork’s top headline office rent, at €345 per square metre, is more than half the top Dublin rate, which will mean that Cork’s office market will remain very competitive in 2020 to attract both FDI and domestic occupiers. Activity levels in 2020 will be assisted by the new high-profile schemes that are under construction and other schemes will commence as the year progresses.

Cork’s residential property market remains active with new homes continuing to play an important role in the market. As with the Dublin market, there may be some price growth in selective areas in 2020.

Duncan Lyster, Lisney Managing Director, says:

“In preparing our Outlook 2020, we share our predictions and experiences and find themes likely to play out within the individual sectors and segments of the markets. There is a diversity between the sectors in terms of maturity, energy and activity that points to real opportunities and certain threats for the coming year. At a macro level, the political stage is set for much change domestically, in the UK and the US. Each of these will have an influence on how property will perform in 2020 and beyond.”

Aoife Brennan, Lisney Research Director, says:

“I believe the property market will remain active in 2020. The biggest threat to the various parts of the market is an external global event. The investment sector reached its highest turnover levels on record in 2019 and while we do not expect this to happen again this year, we do expect a very strong level of sales. Occupier demand in the office market will remain busy and construction activity will continue, while in the industrial sector, further construction of larger buildings will address stock constraints. Development in the PRS and student accommodation sectors will assist with supply issues in the residential rental market.”

Dublin estate agents expect property values to rise by 1.6% in 2020, according to The Sunday Times Dublin Property Price Guide

  • This is the least optimistic estate agents have been about Dublin house values since the recession
  • Ranelagh, Milltown and Sandymount are among the top five most expensive areas to buy a three-bedroom property while Neilstown and Clondalkin in Dublin 22 and Ballymun in Dublin 11 are the cheapest places to invest in a residential property in Dublin
  • Brexit will continue to affect consumer sentiment in 2020 with estate agents saying it has created a nervousness among buyers

Following a mixed year for the capital’s property market, Dublin estate agents expect property values to rise by an average of 1.6% this year, according to the 2020 Sunday Times Dublin Property Price Guide, a dedicated 28-page supplement published free with The Sunday Times Sunday, 5 January.

Now in its 17th year, The Sunday Times Property Price Guide is the authoritative guide to the Dublin property market, featuring interviews with a number of Dublin estate agents who outline their predictions for the year. It also includes a detailed analysis of Dublin property prices.

Its findings indicate that estate agents are very cautious for the year ahead, making it the least optimistic that estate agents have been about house values since the recession. Predictions for the year ahead vary from no change to price increases of 5% but the vast majority of estate agents expect properties below €400,000 to perform better than larger family homes in the low to mid-market. Little upward change is expected for homes at the higher end of the market, priced at €750,000 or above.

Their cautious predictions for 2020 follow a year of mixed fortunes for the Dublin property market in 2019, where prices fell for the first time in seven years, with the latest Central Statistics Office figures indicating that the prices decreased by 1.9% in Dublin.

It is now more than three-times more expensive to buy a three-bedroom townhouse in Dublin’s most expensive suburbs than in the more affordable ones.

According to the Sunday Times Dublin Property Price Guide, the top five places for the most valuable three-bedroom homes are:

  1. Ranelagh – €670,000
  2. Milltown – €657,500
  3. Ballsbridge/Donnybrook – €645,000
  4. Portobello – €643,500
  5. Sandymount – €620,000

The top five places for affordable three-bedroom homes in Dublin are:

  1. Neilstown – €210,000
  2. Ballymun – €220,000
  3. Clondalkin – €230,000
  4. Killinarden – €230,000
  5. Darndale – €235,000

Brexit is to continue to affect consumer sentiment in 2020 with estate agents saying it has created a nervousness among buyers. Moreover, Boris Johnson’s deal passing on January 31 could see the market shift one way or the other.

Other factors to come into play in 2020 include continued tight lending regulations from the Central Bank. In addition, as more new homes are built, buyers now have greater choice and first-time buyers are availing of the help-to-buy scheme. This will result in less demand in the second-hand homes market.

Linda Daly, Editor of the Sunday Times Dublin Property Price Guide, says: “Perhaps unsurprisingly, Dublin estate agents are taking a cautious view of the year ahead. With property prices in the capital falling for the first time in seven years in 2019, many estate agents were reticent about making predictions at all. There are a number of factors at play, including mortgage restrictions, new home construction and Brexit – all of which will play a huge part in how prices will look by the end of 2020.”

The Sunday Times Dublin Property Price Guide will be followed by the Sunday Times Nationwide Property Price Guide which will be published on Sunday 12th January. For full details, pick up a copy of The Sunday Times this weekend or online at: www.thetimes.ie.

www.thetimes.ie

@SunTimesIreland