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Published on December 3rd, 2019 | by Raychel O'Connell

RENTERS PAY 15% MORE TO LIVE BY LUAS OR DART

Rents for properties close to DART and Luas stops are now 15% more than the Dublin average rent of €1,968, according to new research from Daft.ie.

This means that renters living close to Dublin’s light rail network are now paying a premium of  €4,020 per year compared to the average rent for Dublin.

Ireland’s No. 1 Property website has today launched their 2019 H2 DART and Luas Rental report and stop-by-stop rental price maps. The research which led to the creation of these maps analysed the average rental prices (controlling for time, size and type) for three bed semi and two bedroom apartments within 1km of each rail stop in the Greater Dublin Area for the period between October 2018 and September 2019.

Commuters living along the Dublin coastline pay a particularly high premium to live close to a DART station. Lansdowne Road station is now the most expensive to live by with rents averaging €2,886.

Rents near DART stations are among the most expensive analysed with Lansdowne Road, Sandymount (€2,851), Grand Canal (€2,790) and Pearse (€2,748) accounting for four of the top five most expensive stations to live by, on the new maps produced by Daft.ie.

On the Luas, homes close to Spencer Dock on the red line command the highest average rents (€2,881), while those living near Charlemont (€2,708) pay the most on the Luas green line.

Commenting on the figures, economist Ronan Lyons said: “The latest rail infographic for the rental sector confirms that access to good transport facilities is rewarded in the rental market. When it comes to rail, density is important, as rail has large upfront costs and greater population density spreads those costs among more users. This is important to bear in mind when planning where to build both transport and homes over the coming years. If Ireland wants to make its transport systems more sustainable, it should consider how to facilitate density.”

Commenting on this report, Raychel O’Connell, Communications Manager of Daft.ie, said; “A Dublin City Council and National Transport Authority report earlier this year showed that more people than ever are using public transport in Dublin. Luas passengers have increased by 15% since last year which shows the increasing demand for reliable rail services in the city. This is also reflected in our report where rent for properties near DART and Luas stops are now 15% higher than the Dublin average. This works out as over €300 more per year, which really reveals the high costs of convenience for commuters.”


Most expensive (All Stops & Stations)

  • Lansdowne Road – €2,886
  • Spencer Dock – €2,881
  • Sandymount – €2,851
  • Grand Canal Dock – €2,790
  • Pearse – €2,748

Most expensive areas (LUAS Green Line)

  • Charlemont – €2,708
  • O’Connell St – €2,642
  • Parnell – €2,642
  • St. Stephen’s Green – €2,605
  • Dawson St – €2,605

Most expensive (LUAS Red Line)

  • Spencer Dock – €2,881
  • Mayor Sq – NCI – €2,661
  • Jervis – €2,642
  • George’s Dock – €2,624
  • The Point – €2,617

Most expensive (DART)

  • Lansdowne Road – €2,886
  • Sandymount – €2,851
  • Grand Canal Dock  – €2,790
  • Pearse – €2,748
  • Sydney Parade – €2,731


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