Map of house prices along tram routes reveals 15% premium to live near the Luas
Househunters in Dublin are paying up to 15% more for a home near a Luas line.
This means that buyers are now paying an average of €446,000 for a property close to a Luas stop, which is €61,000 more than the average asking price in Dublin.
Daft.ie has released a series of maps outlining the difference in the cost of a house in the capital along the tram routes.
Differences emerge between the Green and Red lines and also between stops.
Beechwood and Ranelagh are the most expensive, while the least expensive is Cheeverstown.
Mark Clancy from daft.ie says those looking for a new home in Dublin are paying thousands more to live by the LUAS.
"What we found is that buyers are paying 15% extra to live by the Luas. That translates to over €60,000 in cold, hard cash, compared to the average asking price in Dublin," he said.
"The data we looked at were houses within 1km of a Luas stop across both lines and the average asking price by a Luas line now is €446,000."
Beechwood - €778k
Ranelagh - €721k
Milltown - €672k
Cowper - €662k
Beechwood - €778k
Ranelagh - €721k
Milltown - €672k
Cowper - €662k
Spencer Dock - €633k
Mayor Square – NCI - €569k
George's Dock - €517k
The Point - €498k
Cherrywood - €418k
Dominick - €411k
Cabra - €394k
Broombridge - €323k
Hospital - €246k
Fettercairn - €228k
Citywest Campus - €220k
Cheeverstown - €197k
