Constantly its streets were the subject of radio talk show discussions on the dangers of living and working in the city centre.
And when it comes to real estate, job cuts at some of its larger tech firms combined with rising mortgage interest rates threatened to cool the market significantly.
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AreasNorth City Centre, IFSC
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And prices did fall by a few percentage points in the earlier part of last year, when buyers were nervous and lending institutions more reluctant to pony up, according to local estate agent Owen Reilly.
Gradually, however, due to the twin effects of tightened supply and substantial demand, particularly from first-time buyers and the immigrant population, prices north-east of the river started to climb again, and are now 3pc higher than a year ago.
Two-bedroom apartments are currently changing hands for an average price of around €380,000, while one-beds hover around the €290,000 mark.
The one- and two-bed cottages in and around North Wall that make for popular starter homes are currently fetching €302,000 for the former and €372,000 for the latter, almost unchanged from 12 months ago.
Values of larger, period two-storey over basement homes are stuck in and around the €510,000 mark, pretty much the same as they were worth a year ago.
“The market is performing a little stronger than I thought it might,” says Reilly. “It is underpinned by low supply which was down 10pc last year on the previous year. Non-Irish first-time buyers are very active in Dublin. Seventy-three per cent of our buyers were not born here. Investors were also more active, compared to other areas; 45pc of our buyers in 2023 were investors.”
O’Reilly is of the opinion prices will continue to increase this year, albeit at the cooler rate of about 2pc.
He believes price growth is likely to be strongest up to the €400,000 mark, where first-time buyers are doing business. “If interest rates fall, first-time buyers will become even more active,” he says.
Property Hotspot: East of O’Connell St to the IFSC
The north inner city is still undervalued and popular with non-Irish buyers.