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25-Feb-2016 21:46 by 8 Comments

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Not all agents agreed on the top five most heated markets.Sherry Fitz Gerald would have preferred to include Rathfarnham and Churchtown and Savills would have included Blackrock, from the village itself to Mount Merrion.

Here they are in descending order, moving towards the hottest and most fraught: 5th hottest market: Portobello, Dublin 8 Located just inside the Grand Canal facing Rathmines, Portobello in Dublin 8 has become the sought after neighbourhood for arty and media people who relish their city living, their independence from status symbols such as cars and the area's echoes of left bank ambience.

Scarcity is another factor with only seven houses currently for sale and five of those have only two bedrooms or less.

One of these, on Kingsland Park Avenue, is priced at €300,000 but most are over €475,000. While the Dublin 8 area, where Portobello is located, has more than 70 apartments for sale, not one of these is available in the Portobello enclave.

Ever since it was the address of choice for Taoisigh and Government ministers, and that was back in the 60s and 70s, Rathgar has been one of Dublin's hottest markets.

These home buyers also enjoy walking home from the trendy pubs and restaurants in the buzzing area between Dawson St and George's St, or meeting up with their still renting friends in Rathmines.

“It's as close as you can get to the city without being in the city as such,” says Keith Lowe of DNG.

Owners who took their first step in the property ladder with a smaller house in another area like to move to this spot which is located between the canal and Camden St.Then there's the inverted snobbery, some buy so they can boast that they haven't sold out to suburbia, unlike some of their more settled rivals.While all parts of the capital have seen prices rising at 1pc or more per month, some parts of the city remain in greater demand than others and a handful of local markets are heated even beyond the general citywide trend.These are the locations where the supply of homes coming to market is in single rather than double digits per month, where the Saturday viewings run into hundreds rather than dozens, where time on the market can be measured in days rather than weeks and where the bidding most often ends up in the dreaded “best and final offer” sealed envelope session.To discover Dublin's hottest five markets right now, we asked three of the capital's largest estate agencies — Douglas Newman Good, Sherry Fitz Gerald and Savills to nominate the areas in which buyers would have the most difficult time trying to buy a house at the moment.They're not necessarily the best areas to live in — although some of these do feature — but rather the areas in which competition for a limited number of abodes is most heated.

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