luas and m50 effect.
I purchased up here over a year ago, because the prices were by far the cheapest in south dublin (and cos I know and like the area well). 3 bed semi was 400, any other area they were already over 500.
Within a space of a few months, luas and m50 opened, prices started to explode, that was if a house even came on the market. Luas extension is already having the effect of pushing them further, even though its only a thought at this stage.
Fact is, this area was cheaper because it was so inaccessible to everywhere, even though its not that far from the city (relatively anyway). But now, in just over a year, it has become one of the most accessable areas of Dublin, coupled with the amount of jobs, employment, wealth alongside schools, shops and a host of other facilities up there, its all good, and actually the price rises make perfect sense, as people only begin to realise the benefits at this late stage.
Its all about location location location, and i'm very happy with my paper gain in only one year.
PS I still think the prices of the new apartments are expensive, esp the ones being touted for that tower. Seriously, you can get houses for the same price.