Luas Cross City boosting house prices by 15%

The Luas Cross City in Dublin is boosting house prices.

A new KBC / Daft report shows three-bed homes along the tram line are up 15% in the last year, compared to 6% for similar homes near other railway lines.

€519,000 is the average asking price for a 3-bed around Dawson Street, Trinity and Westmoreland Street in the city centre.

Report author - Economist Ronan Lyons explains why the Luas is so popular.

He said: "It’s the regularity of the service, (and) the permanence (of the tram network)…(By comparison,) bus lanes could always change.

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